Urban Outfitters Inc. (NASDAQ:URBN) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $37.61 and last traded at $37.28, with a volume of 1,938,791 shares. The stock had previously closed at $36.77.

URBN has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Mizuho reduced their price objective on shares of Urban Outfitters from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, May 19th. Stifel Nicolaus reiterated a “buy” rating and set a $32.00 price objective (down from $38.00) on shares of Urban Outfitters in a research note on Thursday, May 19th. Piper Jaffray Cos. reiterated a “neutral” rating and set a $32.00 price objective (down from $35.00) on shares of Urban Outfitters in a research note on Thursday, May 19th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Urban Outfitters in a research note on Saturday, May 14th. Twenty-one research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $34.38.

The company has a 50-day moving average of $29.85 and a 200 day moving average of $28.96. The firm has a market capitalization of $4.41 billion and a P/E ratio of 20.8532.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, August 16th. The apparel retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.56 by $0.10. The business had revenue of $890.57 million for the quarter, compared to analysts’ expectations of $886.39 million. During the same period last year, the business earned $0.52 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that Urban Outfitters Inc. will post $2.05 EPS for the current fiscal year.

In related 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 transaction of $93,159.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Several large investors have added to or reduced their stakes in URBN. Aberdeen Asset Management PLC UK boosted its stake in 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. Systematic Financial Management LP boosted its stake in 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. Coe Capital Management LLC acquired a new stake in Urban Outfitters during the fourth quarter valued at approximately $1,945,000. Finally, BlackRock Advisors LLC boosted its stake in Urban Outfitters by 581.0% in the fourth quarter. BlackRock Advisors LLC now owns 2,138,451 shares of the apparel retailer’s stock valued at $48,650,000 after buying an additional 1,824,456 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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