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Razing Retailer Urban Outfitters

It's time to raise cash and open up a slot in the portfolio. Here's what Cramer's trading now.
Author:

Editor's Note: This was sent to subscribers of Action Alerts PLUS on April 26 at 3:01 p.m. EDT.

Urban Outfitters

(URBN) - Get Report

has been a solid, profitable holding for me over the past seven months. While I believe the company has several quarters of above-average growth ahead of it, the current market conditions do not warrant sitting on a 22% gain with a retailer that trades at 30 times expected full-year earnings.

After you read this note, I'm going to sell my final 1,000 shares of Urban. This trade will take my cash position back up to about 2% of the portfolio and give me an open spot for a new name in the portfolio.

Also, just a reminder that I'd be adding to my

UnitedHealth Group

(UNH) - Get Report

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stake down here at $90.25 if my restrictions allowed.

At the time of publication, Cramer was long Urban Outfitters and UnitedHealth Group.

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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