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Urban Outfitters (NASDAQ:URBN) was upgraded by stock analysts at Jefferies Group from a “hold” rating to a “buy” rating in a report issued on Thursday, TheFlyOnTheWall.com reports.

Shares of Urban Outfitters (NASDAQ:URBN) opened at 37.10 on Thursday. Urban Outfitters has a 1-year low of $35.00 and a 1-year high of $44.96. The stock’s 50-day moving average is $37.60 and its 200-day moving average is $39.29. The company has a market cap of $5.465 billion and a price-to-earnings ratio of 20.10.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Monday, November 18th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. The company had revenue of $774.00 million for the quarter, compared to the consensus estimate of $771.10 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts expect that Urban Outfitters will post $1.88 EPS for the current fiscal year.

A number of other firms have also recently commented on URBN. Analysts at Goldman Sachs Group Inc. upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 16th. They now have a $44.00 price target on the stock. Separately, analysts at UBS AG downgraded shares of Urban Outfitters from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. They now have a $42.00 price target on the stock, down previously from $450.00. Finally, analysts at Sterne Agee downgraded shares of Urban Outfitters from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. They now have a $42.00 price target on the stock, down previously from $45.00. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Urban Outfitters has a consensus rating of “Buy” and a consensus price target of $46.08.

Urban Outfitters, Inc (NASDAQ:URBN) is a lifestyle specialty retail company, which operates under the Urban Outfitters, Anthropologie, Free People, Terrain and BHLDN brands.

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