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Stock analysts at Goldman Sachs boosted their price target on shares of Urban Outfitters (NASDAQ:URBN) to $45.00 in a report issued on Tuesday. Goldman Sachs’ target price indicates a potential upside of 21.93% from the stock’s previous close.

URBN has been the subject of a number of other recent research reports. Analysts at Janney Montgomery Scott reiterated an “in-line” rating on shares of Urban Outfitters in a research note on Tuesday. They now have a $41.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Urban Outfitters in a research note on Tuesday. They now have a $50.00 price target on the stock. Finally, 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. Ten analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $42.48.

Shares of Urban Outfitters (NASDAQ:URBN) opened at 36.92 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 $34.96 and its 200-day moving average is $35.37. The company has a market cap of $5.086 billion and a P/E ratio of 20.13. Urban Outfitters also was the recipient of some unusual options trading activity on Monday. Traders bought 11,664 call options on the stock. This represents an increase of approximately 842% compared to the typical daily volume of 1,238 call options.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Monday, August 18th. The company reported $0.49 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts predict that Urban Outfitters will post $1.95 earnings per share 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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