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A statement released earlier today by Goldman Sachs about Urban Outfitters Inc. (NASDAQ:URBN) bumps the target price to $35.00

Urban Outfitters Inc. (NASDAQ:URBN) had its estimated target price raised to $35 by Goldman Sachs in an issued report announced 8/22/2016. The latest target price suggests a possible downside of -0.07% from the company’s most recent stock close price.

Just yesterday Urban Outfitters Inc. (NASDAQ:URBN) traded 1.29% lower at $37.81. Urban Outfitters Inc.’s 50-day moving average is $33.49 and its 200-day average is $30.40. The last close is up 18.06% relative to the 200-day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. 2,430,047 shares of URBN exchanged hands, up from ann avg. volume of 2,377,290.

Recent Performance Graphic:

Urban Outfitters Inc. (NASDAQ:URBN)

Urban Outfitters Inc. has a one-year low of $19.26 and a 52 week high of $37.82 with a PE ratio of 18. Urban Outfitters Inc.’s market cap is presently $0.0.

In addition to Goldman Sachs reporting it’s price target, a total of 30 firms have issued a report on Urban Outfitters Inc.. The one year target price is $31.37 with 0 rating the stock a strong buy, 0 rating the stock a buy, 0 firms rating the stock a hold, 0 rating the stock to underperform, and lastly 0 brokeragesrating the stock as sell.

About Urban Outfitters Inc. (NASDAQ:URBN)

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. The Urban Outfitters targets young adults aged 18 to 28. The Anthropologie Group consists of the Anthropologie and Bhldn brands. Free People retail stores offer private label branded merchandise targeted to young contemporary women aged 25 to 30. Terrain brand is designed for women and men interested in a creative, outdoor living and gardening. The Wholesale segment consists of the Free People wholesale division that primarily designs, and develops and markets young women’s contemporary casual apparel.

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