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Equities researchers at Telsey Advisory Group increased their price objective on shares of Urban Outfitters (NASDAQ:URBN) from $41.00 to $43.00 in a research report issued on Tuesday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 16.52% from the stock’s previous close.

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 has a 50-day moving average of $34.96 and a 200-day moving average of $35.37. The company has a market cap of $5.086 billion and a price-to-earnings ratio of 20.13. Urban Outfitters also was the recipient of unusually large options trading activity on Monday. Stock investors acquired 11,664 call options on the company. This represents an increase of approximately 842% compared to the average 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. Analysts expect that Urban Outfitters will post $1.95 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs raised their price target on shares of Urban Outfitters to $45.00 in a research note on Tuesday. Separately, 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. Finally, 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. Ten equities research analysts have rated the stock with a hold rating, thirteen have issued 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 $42.56.

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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