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Urban Outfitters (NASDAQ:URBN)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Piper Jaffray in a research note issued to investors on Tuesday.

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 price-to-earnings ratio of 19.66. Urban Outfitters also was the recipient of unusually large options trading activity on Monday. Investors purchased 11,664 call options on the company. This is an increase of 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. 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 Sterne Agee raised their price target on shares of Urban Outfitters from $37.00 to $38.00 in a research note on Tuesday. Separately, analysts at Robert W. Baird upgraded shares of Urban Outfitters from a “neutral” rating to an “outperform” rating in a research note on Tuesday. Finally, analysts at Maxim Group reiterated a “hold” rating on shares of Urban Outfitters in a research note on Monday. Ten investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $42.28.

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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