Urban Outfitters (URBN) : Traders are bullish on Urban Outfitters (URBN) as it has outperformed the S&P 500 by a wide margin of 29.17% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 23.4%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 23.36% in the last 1 week, and is up 29.66% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Urban Outfitters Inc. is up 32.76% in the last 3-month period. Year-to-Date the stock performance stands at 66.2%. The stock has recorded a 20-day Moving Average of 23.59% and the 50-Day Moving Average is 31.34%.
Urban Outfitters (NASDAQ:URBN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.80 and $36.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.81, notching a gain of 2.83% for the day. The total traded volume was 3,673,859 . The stock had closed at $36.77 on the previous day.
Also, Evercore ISI Group upgrades its view on Urban Outfitters (NASDAQ:URBN) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Hold. The rating by the firm was issued on August 17, 2016.
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 Companys Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Companys 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, develops and markets young womens contemporary casual apparel.