Monday, March 11: Earnings to Watch After the Market Close – Heckmann Corporation (HEK), Urban Outfitters, Inc. (URBN)

In December, Urban Outfitters outlined expansion plans for the new calendar year including 49 stores across its family of brands. Same-store sales also increased in the high-single digits (9%) during the fourth quarter, indicating the company has strong traction going into 2013. Shares have risen approximately 5% year-to-date.

Wall Street has mixed sentiment on Urban Outfitters, Inc. (NASDAQ:URBN)’s (NASDAQ:URBN) going into Monday’s earnings report after the close. Piper Jaffray and RBC Capital are two firms which have expressed bullish remarks in recent weeks. Piper raised their price target to $51 from a previous $41 based on strong holiday sales, and RBC Capital raised their target to $46.

In contrast, BMO Capital downgraded the stock to neutral within the last month citing lack of momentum at Anthropologie.

While I’m not certain if Urban Outfitters, Inc. (NASDAQ:URBN) will trade higher or lower following Monday’s earnings report, I’m willing to bet shares will be higher by year-end as investors gain appreciation for new store openings and the company’s retail growth prospects.

Economic Data for Monday, March 11

On the economic front, Monday is a quiet day with no major news releases. The Treasury department is holding a 4-week bill announcement at 11:00 a.m., followed by 3-month and 6-month bill auctions at 11:30 a.m.

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The article Monday, March 11: Earnings to Watch After the Market Close originally appeared on Fool.com and is written by John Macris.

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