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Urban Outfitters (NASDAQ:URBN)‘s stock had its “in-line” rating reiterated by research analysts at Morgan Stanley in a report released on Tuesday.

The analysts wrote, “Flattish 2QTD comp, in-line with MS and the Street: We think UO’s comp slightly improved to -9% compared to 1Q’s -12% but was promotionally driven. UO’s e-mail marketing and creative content look markedly improved (quicker and easier to fix), in our view, but in-store progress is slower. URBN 2Q GM guidance implies UO will utilize promotions through 2Q to liquidate less compelling items in the assortment and make room for new Fall product.”

A number of other analysts have also recently weighed in on URBN. Analysts at Zacks reiterated a “neutral” rating on shares of Urban Outfitters in a research note on Wednesday, May 21st. They now have a $35.00 price target on the stock. Separately, analysts at Maxim Group cut their price target on shares of Urban Outfitters from $35.00 to $30.00 in a research note on Wednesday, May 21st. They now have a “hold” rating on the stock. Finally, analysts at Sterne Agee reiterated a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, May 20th. They now have a $37.00 price target on the stock, down previously from $38.00. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Urban Outfitters currently has an average rating of “Buy” and a consensus price target of $42.04.

Urban Outfitters (NASDAQ:URBN) traded down 3.00% during mid-day trading on Tuesday, hitting $33.64. 1,267,961 shares of the company’s stock traded hands. Urban Outfitters has a 1-year low of $32.23 and a 1-year high of $44.15. The stock has a 50-day moving average of $34.88 and a 200-day moving average of $36.2. The company has a market cap of $4.631 billion and a price-to-earnings ratio of 18.91.

Urban Outfitters (NASDAQ:URBN) last released its 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 $1.95 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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