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Stock analysts at Stifel Nicolaus dropped their target price on shares of Urban Outfitters (NASDAQ:URBN) from $48.00 to $44.00 in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 21.65% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity cut their price target on shares of Urban Outfitters from $49.00 to $48.00 in a research note on Monday. Separately, analysts at ISI Group cut their price target on shares of Urban Outfitters from $38.00 to $35.00 in a research note on Monday. They now have a “neutral” rating on the stock. Finally, analysts at Brean Capital reiterated a “buy” rating on shares of Urban Outfitters in a research note on Thursday, May 15th. They now have a $43.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Urban Outfitters presently has a consensus rating of “Buy” and an average price target of $43.61.

Urban Outfitters (NASDAQ:URBN) opened at 36.17 on Tuesday. Urban Outfitters has a 1-year low of $33.95 and a 1-year high of $44.35. The stock has a 50-day moving average of $36.29 and a 200-day moving average of $36.83. The company has a market cap of $5.229 billion and a price-to-earnings ratio of 19.16. Urban Outfitters also was the recipient of unusually large options trading activity on Monday. Stock investors purchased 14,247 call options on the company. This represents an increase of approximately 900% compared to the typical daily volume of 1,425 call options.

Urban Outfitters (NASDAQ:URBN) last released its earnings data on Monday, May 19th. The company reported $0.26 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.01. The company had revenue of $686.30 million for the quarter, compared to the consensus estimate of $680.61 million. During the same quarter last year, the company posted $0.32 earnings per share. Urban Outfitters’s revenue was up 5.9% compared to the same quarter last year. Analysts expect that Urban Outfitters will post $2.02 EPS for the current fiscal year.

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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