Urban Outfitters Stock Gaps Up On Today's Open (URBN)
Shares of Urban Outfitters (Nasdaq:URBN) were gapping up Tuesday morning with an open price 18% higher than Monday's closing price. The stock closed at $31.28 yesterday and opened today's trading at $36.91.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Shares of Urban Outfitters (Nasdaq: URBN) were gapping up Tuesday morning with an open price 18% higher than Monday's closing price. The stock closed at $31.28 Monday and opened today's trading at $36.91.
The average volume for Urban Outfitters has been 2.7 million shares per day over the past 30 days. Urban Outfitters has a market cap of $4.48 billion and is part of the services sector and retail industry. Shares are up 13.9% year to date as of the close of trading on Monday. Urban Outfitters Inc. operates lifestyle specialty retail stores under the Urban Outfitters, Anthropologie, Free People, Terrain, and BHLDN brand names in the United States, Canada, and Europe. The company has a P/E ratio of 26.4, above the average retail industry P/E ratio of 26 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Urban Outfitters as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Urban Outfitters Ratings Report. Get more investment ideas from our investment research center.