Urban Outfitters Inc. (NASDAQ:URBN) shares rose 1.9% on Monday . The company traded as high as $29.95 and last traded at $29.72, with a volume of 1,249,477 shares trading hands. The stock had previously closed at $29.17.

URBN has been the topic of a number of research analyst reports. Robert W. Baird lifted their price target on Urban Outfitters from $35.00 to $38.00 in a report on Friday, April 1st. BMO Capital Markets restated an “average” rating and issued a $28.00 target price on shares of Urban Outfitters in a research note on Thursday, July 7th. Bank of America Corp. restated a “buy” rating and issued a $40.00 target price on shares of Urban Outfitters in a research note on Friday, April 1st. Stifel Nicolaus restated a “buy” rating and issued a $38.00 target price (up previously from $34.00) on shares of Urban Outfitters in a research note on Friday, April 1st. Finally, Goldman Sachs Group Inc. restated a “buy” rating and issued a $33.00 target price (down previously from $35.00) on shares of Urban Outfitters in a research note on Friday, April 1st. Twenty-three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Urban Outfitters currently has a consensus rating of “Hold” and an average price target of $31.37.

The firm has a market cap of $3.47 billion and a price-to-earnings ratio of 16.41. The company has a 50 day moving average of $27.64 and a 200 day moving average of $27.59.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, May 18th. The apparel retailer reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $762.58 million for the quarter. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $0.25 EPS. On average, analysts expect that Urban Outfitters Inc. will post $1.94 earnings per share for the current fiscal year.

In related news, CFO Frank Conforti sold 3,300 shares of the business’s stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $28.23, for a total transaction of $93,159.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Other hedge funds have made changes to their positions in the company. Aberdeen Asset Management PLC UK raised its stake in shares of Urban Outfitters by 3.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 44,719 shares of the apparel retailer’s stock valued at $1,254,000 after buying an additional 1,330 shares during the period. California Public Employees Retirement System raised its stake in shares of Urban Outfitters by 0.8% in the fourth quarter. California Public Employees Retirement System now owns 335,400 shares of the apparel retailer’s stock valued at $7,630,000 after buying an additional 2,700 shares during the period. OppenheimerFunds Inc. raised its stake in shares of Urban Outfitters by 1.0% in the fourth quarter. OppenheimerFunds Inc. now owns 807,961 shares of the apparel retailer’s stock valued at $18,384,000 after buying an additional 7,961 shares during the period. Systematic Financial Management LP raised its stake in shares of Urban Outfitters by 12.0% in the fourth quarter. Systematic Financial Management LP now owns 78,040 shares of the apparel retailer’s stock valued at $1,775,000 after buying an additional 8,355 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Urban Outfitters by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 999,282 shares of the apparel retailer’s stock valued at $22,736,000 after buying an additional 10,207 shares during the period.

Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

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