Shares of Urban Outfitters Inc. (NASDAQ:URBN) fell 3% during trading on Monday . The company traded as low as $36.42 and last traded at $36.66, with a volume of 1,675,458 shares traded. The stock had previously closed at $37.81.

A number of brokerages have commented on URBN. BMO Capital Markets reaffirmed an “average” rating and set a $28.00 price target on shares of Urban Outfitters in a research report on Thursday, July 7th. Deutsche Bank AG lifted their price objective on Urban Outfitters from $28.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, July 25th. Stifel Nicolaus lifted their price objective on Urban Outfitters from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Nomura lifted their price objective on Urban Outfitters from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, August 17th. Finally, Robert W. Baird lifted their price objective on Urban Outfitters from $33.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. Twenty-two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $34.44.

The firm has a 50 day moving average price of $30.15 and a 200-day moving average price of $29.07. The company has a market cap of $4.32 billion and a price-to-earnings ratio of 18.98.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.10. During the same period last year, the business earned $0.52 earnings per share. The business had revenue of $890.57 million for the quarter, compared to analysts’ expectations of $886.39 million. The company’s revenue for the quarter 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 other Urban Outfitters news, CFO Frank Conforti sold 3,300 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $28.23, for a total value of $93,159.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

A number of hedge funds have recently added to or reduced their stakes in URBN. 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 last quarter. Coe Capital Management LLC purchased a new stake in Urban Outfitters during the fourth quarter valued at approximately $1,945,000. Finally, 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 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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