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Urban Outfitters (NASDAQ:URBN)‘s stock had its “buy” rating reaffirmed by research analysts at Janney Montgomery Scott in a report released on Thursday, Stock Ratings News reports. They currently have a $41.00 target price on the stock. Janney Montgomery Scott’s price target indicates a potential upside of 11.81% from the stock’s previous close.

Shares of Urban Outfitters (NASDAQ:URBN) opened at 36.67 on Thursday. Urban Outfitters has a 52-week low of $33.95 and a 52-week high of $44.96. The stock’s 50-day moving average is $36.31 and its 200-day moving average is $36.88. The company has a market cap of $5.301 billion and a price-to-earnings ratio of 19.68.

Urban Outfitters (NASDAQ:URBN) last released its earnings data on Monday, March 10th. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.05. The company had revenue of $905.90 million for the quarter, compared to the consensus estimate of $906.00 million. During the same quarter last year, the company posted $0.56 earnings per share. Urban Outfitters’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that Urban Outfitters will post $2.02 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets downgraded shares of Urban Outfitters from an “outperform” rating to a “market perform” rating in a research note on Thursday. They now have a $37.00 price target on the stock, down previously from $44.00. Separately, analysts at Wedbush raised their price target on shares of Urban Outfitters from $44.00 to $46.00 in a research note on Wednesday, April 9th. Finally, analysts at Wedbush cut their price target on shares of Urban Outfitters from $45.00 to $44.00 in a research note on Monday, March 31st. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $43.96.

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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