Urban Outfitters is on the rise. The highly ranked clothier's earnings growth ranged from 47% to 120% this past year on consistent single-digit sales growth. Additionally, its stock hit a more-than five year high on Feb. 27, further demonstrating strength.
Tuesday, the Relative Strength (RS) Rating for Urban Outfitters stock shot up nine points into a higher percentile, as it got a lift from 69 to 78. The upgraded 78 RS Rating shows that Urban Outfitters stock bested 78% of all stocks for price performance this past year.
Urban Outfitters In Top 1% For Profit Growth
Among its other ratings, Philadelphia-based Urban Outfitters boasts a best-possible 99 Earnings Per Share Rating. Its 87 Composite Rating puts it among the top 13% for a group of top fundamental and technical metrics.
It has a B SMR Rating (sales +profit margins + return on equity) on an A-to-E scale with A superb and E dismal. One less-than-ideal rating to keep an eye on is its D+ Accumulation/Distribution Rating. the D+ indicates more selling than buying by institutional investors. Look for that to improve to a C or better.
Can You Really Time The Stock Market?
After hitting a multiyear high 47.29 on Feb. 27, Urban Outfitters fell in sync with recent market consolidation to a 36.32 low last Wednesday, April 17. Bullishly, it bounced off its 50 day line and continues to rise above it. On Monday it shot up 4.3%. Tuesday afternoon it traded at 39.45, up another 2.3% for the day.
Last quarter Urban Outfitters reported a 47% jump in earnings to 50 cents per share on a 7% increase in revenue to $1.49 billion. Look for the next report on or around May 21.
Building Fresh Base With Buy Point?
Urban Outfitters stock has risen more than 5% past a 36.10 entry in a third-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks-tight pattern or pullback to the 50-day or 10-week moving average.
Urban Outfitters earns the No. 5 rank among its peers in the 32-stock Retail-Apparel/Shoes/Accessories industry group. Abercrombie & Fitch is the No. 1-ranked stock in the group.
The unique IBD Relative Strength Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matched up against all other stocks.
Please follow James DeTar on X, formerly known as Twitter, @JimDeTar
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