Urban Outfitters Inc. (NASDAQ:URBN) was down 2.7% during trading on Tuesday . The stock traded as low as $36.17 and last traded at $36.18, with a volume of 1,102,183 shares traded. The stock had previously closed at $37.17.

Several equities research analysts recently commented on URBN shares. BMO Capital Markets reiterated an “average” rating and issued a $28.00 price objective on shares of Urban Outfitters in a research report on Thursday, July 7th. Jefferies Group reiterated a “buy” rating and issued a $38.00 price objective on shares of Urban Outfitters in a research report on Thursday, May 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $32.00 price objective (down from $38.00) on shares of Urban Outfitters in a research report on Thursday, May 19th. Citigroup Inc. reiterated a “buy” rating on shares of Urban Outfitters in a research report on Saturday, May 14th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, May 18th. Twenty-one investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.59.

The stock’s 50 day moving average is $31.74 and its 200 day moving average is $29.80. The stock has a market capitalization of $4.24 billion and a price-to-earnings ratio of 18.66.

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 analysts’ consensus estimates of $0.56 by $0.10. The company earned $890.57 million during the quarter, compared to the consensus estimate of $886.39 million. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 EPS. Equities research analysts anticipate that Urban Outfitters Inc. will post $2.05 earnings per share for the current year.

In related news, CFO Frank Conforti sold 4,000 shares of the company’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $37.42, for a total value of $149,680.00. Following the completion of the sale, the chief financial officer now owns 4,000 shares in the company, valued at $149,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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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