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Urban Outfitters (NASDAQ:URBN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group in a research note issued to investors on Tuesday. They currently have a $50.00 price target on the stock. Jefferies Group’s price objective indicates a potential upside of 35.48% from the stock’s previous close.

A number of other firms have also recently commented on URBN. Analysts at Bank of America upgraded shares of Urban Outfitters from a “hold” rating to an “outperform” rating in a research note on Tuesday. They now have a $44.00 price target on the stock, up previously from $40.00. Separately, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Urban Outfitters in a research note on Tuesday. Finally, analysts at Sterne Agee raised their price target on shares of Urban Outfitters from $37.00 to $38.00 in a research note on Tuesday. Ten analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Urban Outfitters has an average rating of “Buy” and a consensus price target of $42.41.

Urban Outfitters (NASDAQ:URBN) opened at 36.92 on Tuesday. Urban Outfitters has a 1-year low of $32.23 and a 1-year high of $44.15. The stock’s 50-day moving average is $34.96 and its 200-day moving average is $35.37. The company has a market cap of $5.086 billion and a price-to-earnings ratio of 19.66. Urban Outfitters also was the recipient of unusually large options trading activity on Monday. Traders acquired 11,664 call options on the company. This is an increase of approximately 842% compared to the average volume of 1,238 call options.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Monday, August 18th. The company reported $0.49 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.49. The company had revenue of $811.00 million for the quarter, compared to the consensus estimate of $807.00 million. During the same quarter last year, the company posted $0.51 earnings per share. Urban Outfitters’s revenue was up 7.0% compared to the same quarter last year. Analysts expect that Urban Outfitters will post $1.96 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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