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Equities research analysts at Wunderlich initiated coverage on shares of Urban Outfitters (NASDAQ:URBN) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $42.00 price target on the stock. Wunderlich’s target price would indicate a potential upside of 14.19% from the company’s current price.

Urban Outfitters (NASDAQ:URBN) opened at 36.78 on Tuesday. Urban Outfitters has a 52 week low of $32.23 and a 52 week high of $44.15. The stock’s 50-day moving average is $34.59 and its 200-day moving average is $35.35. The company has a market cap of $5.066 billion and a price-to-earnings ratio of 20.05.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results 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. On average, analysts predict that Urban Outfitters will post $1.96 earnings per share for the current fiscal year.

A number of other firms have also recently commented on URBN. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Urban Outfitters in a research note on Wednesday, July 30th. They now have a $38.00 price target on the stock, down previously from $40.00. Separately, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Urban Outfitters in a research note on Monday, July 28th. They now have a $41.00 price target on the stock, up previously from $40.00. Finally, analysts at Macquarie upgraded shares of Urban Outfitters from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 2nd. They now have a $43.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $41.81.

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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