ConAgra, Equity Residential Lead High-Flying Stocks

BOSTON (TheStreet) -- U.S. indices posted modest gains on Monday, helped by holiday sales buzz. These stocks hit 52-week highs.

3. Urban Outfitters(URBN) advanced 2.4% to $35.43. Shares of the specialty retailer gained on estimates for a 3.6% increase in holiday retail sales. The stock has jumped 11% over the past month.

The numbers: Third-quarter profit increased 5% to $62 million, or 36 cents a shares, as revenue grew 6% to $506 million. The company's gross margin decreased from 45% to 41%, but its operating margin remained steady at 19%. Urban Outfitters has an ideal financial position, with $418 million of cash and no debt.

The stock: We rate Urban Outfitters "buy." Its stock has doubled this year, outperforming major U.S. indices. Urban Outfitters receives outstanding scores from TheStreet's quantitative model, placing it among the top 100 of the 5,000 stocks we track. Still, the shares are expensive relative to those of peers based on trailing earnings, projected earnings, book value, sales and cash flow.