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Analysts at Sterne Agee raised their target price on shares of Urban Outfitters (NASDAQ:URBN) from $37.00 to $38.00 in a research report issued to clients and investors on Tuesday. Sterne Agee’s price target points to a potential upside of 2.97% from the company’s current price.

URBN has been the subject of a number of other recent research reports. Analysts at Robert W. Baird upgraded shares of Urban Outfitters from a “neutral” rating to an “outperform” rating in a research note on Tuesday. Separately, analysts at Maxim Group reiterated a “hold” rating on shares of Urban Outfitters in a research note on Monday. Finally, analysts at Wunderlich initiated coverage on shares of Urban Outfitters in a research note on Tuesday, August 12th. They set a “buy” rating and a $42.00 price target on the stock. 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 stock. The stock has a consensus rating of “Buy” and an average price target of $42.28.

Shares of 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 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 19.66. Urban Outfitters also saw unusually large options trading on Monday. Stock investors acquired 11,664 call options on the stock. This is an increase of 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 earnings per share (EPS) for the quarter, meeting the 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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