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

Several equities research analysts have recently weighed in on the company. Robert W. Baird reissued a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, May 18th. Wunderlich reissued a “hold” rating and set a $26.00 target price on shares of Urban Outfitters in a research report on Monday, May 16th. Goldman Sachs Group Inc. reissued a “buy” rating and set a $29.00 target price (down previously from $30.00) on shares of Urban Outfitters in a research report on Friday, June 10th. Royal Bank Of Canada reissued a “sector perform” rating and set a $32.00 target price on shares of Urban Outfitters in a research report on Thursday, May 19th. Finally, Wells Fargo & Co. reissued a “market perform” rating and set a $25.00 target price (down previously from $26.00) on shares of Urban Outfitters in a research report on Monday, June 13th. Twenty-three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $31.37.

The company has a 50-day moving average of $27.71 and a 200-day moving average of $27.72. The firm has a market cap of $3.42 billion and a price-to-earnings ratio of 16.19.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, May 18th. The apparel retailer reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. The business earned $762.58 million during the quarter. During the same period in the prior year, the firm earned $0.25 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities analysts forecast that Urban Outfitters Inc. will post $1.94 EPS for the current year.

In other news, CFO Frank Conforti sold 3,300 shares of the stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $28.23, for a total value of $93,159.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Several hedge funds have added to or reduced their stakes in the stock. Trilogy Global Advisors LP raised its stake in Urban Outfitters by 11.3% in the fourth quarter. Trilogy Global Advisors LP now owns 2,193,250 shares of the apparel retailer’s stock worth $49,896,000 after buying an additional 221,893 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Urban Outfitters by 43.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,737,359 shares of the apparel retailer’s stock valued at $39,525,000 after buying an additional 529,953 shares in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Urban Outfitters by 227.7% in the fourth quarter. Schroder Investment Management Group now owns 488,431 shares of the apparel retailer’s stock valued at $11,111,000 after buying an additional 339,392 shares in the last quarter.

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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