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Urban Outfitters (NASDAQ:URBN) was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.

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 19.66. Urban Outfitters also saw unusually large options trading activity on Monday. Stock investors acquired 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 released its earnings data 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 in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts expect that Urban Outfitters will post $1.96 EPS for the current fiscal year.

URBN has been the subject of a number of other recent research reports. Analysts at Maxim Group reiterated a “hold” rating on shares of Urban Outfitters in a research note on Monday. Separately, 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. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Urban Outfitters in a research note on Wednesday, July 30th. They now have a $38.00 price target on the stock, down previously from $40.00. Ten equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Urban Outfitters has an average 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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