Urban Outfitters stock saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 94 the day before. The millennial retailer stock's Relative Strength Rating wears well at 89.
The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
Urban Outfitters stock is currently forming a consolidation, with a 37.81 entry. Look for the stock to break out in volume at least 40% above average. But note that it's a later-stage base, and those involve more risk.
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URBN Earnings Looking Good
The stock earns a 98 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 98% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The millennial retailer posted a 72% rise in earnings for Q2. That marks three straight quarters of rising EPS gains. Revenue growth climbed 8%, up from 6% in the prior report. That marks two quarters of rising growth.
Urban Outfitters stock earns the No. 3 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. lululemon athletica is the No. 1-ranked stock within the group.
