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Urban Outfitters, Inc. (NASDAQ:URBN) target price raised to $35.00, reported today by Goldman Sachs Group Inc.

Urban Outfitters, Inc. (NASDAQ:URBN) had its price target upped to $35 by Goldman Sachs Group Inc. in an issued report issued Monday August 22 2016. The latest target price implies a possible downside of -0.07% from the company’s previous closing price.

Just yesterday Urban Outfitters, Inc. (NASDAQ:URBN) traded 1.29% lower at $37.81. The company’s 50-day average is $33.49 and its two hundred day moving average is $30.40. The last stock close is up 18.06% relative to the two hundred day moving average, compared to the S&P 500 which has fallen -0.01% over the date range. 2,430,047 shares of URBN traded, up from ann average volume of 2,377,290.

See Graph Below:

Urban Outfitters, Inc. (NASDAQ:URBN)

With a market cap of $0.0, Urban Outfitters, Inc. has a one-year low of $19.26 and a one-year high of $37.82 with a PE ratio of 18.

A total of 30 equity analysts have released a report on URBN. Zero rate the company a strong buy, 0 rate the stock a buy, 0 firms rate the company a hold, 0 rate the stock to underperform, and finally 0 analystsrate the company as sell with an average target of $31.37

More 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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