On Feb. 27 Urban Outfitters stock rose to the highest level since early September 2018. The trendy clothing store chain consolidated after the February high and it's marching higher again. On Tuesday the Relative Strength Rating for Urban Outfitters cleared a benchmark, with a jump from 78 to 81.
Urban Outfitters Joins Elite Group Of Stocks
The 81 RS Rating shows that Urban Outfitters stock is among the top 19% of all stocks for price appreciation over the past year. Market history reveals that the market's biggest winners typically have an 80 or higher RS Rating as they launch their most powerful climbs.
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Philadelphia-based Urban Outfitters sells under a group of clothing brands including its namesake Urban Outfitters, Anthropologie, Free People, FP Movement and others. The company operates more than 700 stores globally.
Among its other ratings Urban Outfitters stock has a 94 Composite Rating, putting it in the top 6% of stocks for a group of five key fundamental and technical metrics. It boasts a near-perfect 97 Earnings Per Share Rating and a B- Accumulation/Distribution Rating. The B- rating, on an A+ to E scale, shows that institutional investors like mutual funds and insurance company funds are buying more shares than selling.
Additionally, the number of funds holding URBN shares rose from 474 last September to 520 in June.
Profit Growth Ranged From 23% to 120% Over Last 4 Quarters
Urban Outfitters stock is working on a consolidation with a 47.29 buy point. See if the stock can break out in volume at least 40% above average. It's a later-stage pattern, and investors should be aware that those involve more risk. Tuesday afternoon, URBN closed at 42.75, up fractionally for the day.
The company reported 23% EPS growth last quarter, to 69 cents per share. Sales grew 8% to $1.2 billion. The prior three quarters EPS rose 72%, 120% and 47%.
Urban Outfitters holds the No. 7 rank among its peers in the 32-stock Retail-Apparel/Shoes/Accessories industry group. Abercrombie & Fitch, Burlington Stores and TJX are among the top five highly rated stocks in the group.
The exclusive Relative Strength Rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Please follow James DeTar on X, formerly known as Twitter, @JimDeTar
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