Trendy clothing chain Urban Outfitters is going great guns, with quarterly earnings growth ranging up to 120% over the past year. On Thursday, Urban Outfitters stock saw a welcome improvement to its Relative Strength (RS) Rating, with an increase from 68 to 79.
Urban Outfitters Stock On Verge Of Joining Top-Performers Group
The upgraded 79 RS Rating shows that Urban Outfitters stock is within a whisker of a key benchmark rating. It beat 79% of all stocks for price performance this past year.
A study of more than 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 as they begin their largest runs. See if Urban Outfitters stock can continue to rebound and clear that threshold.
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Philadelphia-based Urban Outfitters operates its namesake chain, as well as Anthropologie, Free People, FP Movement, Anthropologie Weddings, Terrain, Menus & Venues, and Nuuly.
Urban Outfitters stock is trying to complete a consolidation with a 47.29 buy point. See if it can break out in heavy trading. Note that it's a fourth-stage base. Such later-stage patterns can lead to a breakout but they involve more risk and are less likely to do so than first- or second-stage consolidations.
Thursday afternoon Urban Outfitters stock traded near 42, about five clicks below the breakout point.
Earnings Growth Has Been Outstanding
Among its other key ratings Urban Outfitters stock has a good 87 Composite Rating out of 99. It boasts an outstanding 97 Earnings Per Share Rating and has a C+ Accumulation/Distribution Rating, showing that institutional investors like ETFs and insurance company funds are buying more of its shares than selling.
Earnings per share grew 23% last quarter to 69 cents on 8% higher sales at $1.2 billion. The prior three quarters EPS rose 72%, 120% and 47%. Revenue growth over that time span was steady in the high single-digit range.
Urban Outfitters stock holds the No. 9 rank among its peers in the 32-stock Retail-Apparel/Shoes/Accessories industry group. Abercrombie & Fitch, TJX and Boot Barn are among the top 5 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 grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Please follow James DeTar on X, formerly known as Twitter, @JimDeTar
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