It might not be the best shopping season for consumers either.
The apparel retailer plans to open more stores, enhance online and mobile marketing, and increase wholesale distribution in Europe and Asia.
Analysts from Sterne Agee say the stock has passed their price target and no new catalysts are apparent.
Stocks on Wall Street are mixed in another tame session.
Urban Outfitters is upgraded at 2 firms, and Seattle Genetics is initiated with a 'hold.'
Retail stocks are fluctuating on earnings reports and analyst calls.
And that's not what's supposed to be happening right now.
The Dow also sets a multiyear high before turning lower. European traders hope the ECB will help resolve the debt crisis. Urban Outfitters trounces expectations. Best Buy posts a drop in profit and comparable sales.
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