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Urban Outfitters (NASDAQ:URBN) rose 4.1% during mid-day trading on Tuesday after Telsey Advisory Group raised their price target on the stock from $41.00 to $43.00, Analyst Ratings.Net reports. Telsey Advisory Group currently has a not rated rating on the stock. Urban Outfitters traded as high as $38.79 and last traded at $38.44, with a volume of 3,273,036 shares trading hands. The stock had previously closed at $36.92.

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. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Urban Outfitters presently has a consensus rating of “Buy” and an average target price of $42.56.

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 $5.268 billion and a P/E ratio of 20.13. Urban Outfitters also was the recipient of unusually large options trading activity on Monday. Investors bought 11,664 call options on the stock. This represents an increase of 842% compared to the average volume of 1,238 call options.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results 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 $1.95 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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