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Urban Outfitters (NASDAQ:URBN)‘s stock had its “neutral” rating reiterated by investment analysts at Sterne Agee in a note issued to investors on Tuesday. They currently have a $37.00 price target on the stock, down from their previous price target of $38.00. Sterne Agee’s target price points to a potential upside of 2.29% from the stock’s previous close.

Shares of Urban Outfitters (NASDAQ:URBN) traded down 6.75% during mid-day trading on Tuesday, hitting $33.73. 5,618,810 shares of the company’s stock traded hands. Urban Outfitters has a one year low of $33.95 and a one 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 $4.876 billion and a price-to-earnings ratio of 19.14. Urban Outfitters also saw some unusual options trading on Monday. Stock traders purchased 14,247 call options on the company. This is an increase of 900% compared to the average daily volume of 1,425 call options.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Monday, May 19th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts expect that Urban Outfitters will post $2.01 EPS for the current fiscal year.

URBN has been the subject of a number of other recent research reports. Analysts at ING cut their price target on shares of Urban Outfitters from $54.00 to $50.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of Urban Outfitters in a research note on Tuesday. They now have a $43.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Urban Outfitters from $40.00 to $38.00 in a research note on Tuesday. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $42.46.

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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