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Urban Outfitters (NASDAQ:URBN) was upgraded by stock analysts at Bank of America from a “hold” rating to an “outperform” rating in a report issued on Tuesday. The firm currently has a $44.00 price target on the stock, up from their previous price target of $40.00. Bank of America’s price target would indicate a potential upside of 19.23% from the stock’s previous close.

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 was the target of some unusual options trading activity on Monday. Stock investors acquired 11,664 call options on the company. This represents 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 (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. On average, analysts predict that Urban Outfitters will post $1.96 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray reiterated an “overweight” rating on shares of Urban Outfitters in a research note on Tuesday. Separately, 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. Finally, analysts at Robert W. Baird upgraded shares of Urban Outfitters from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $44.00 price target on the stock, up previously from $40.00. Ten analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $42.41.

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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