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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) -- Urban Outfitters (Nasdaq: URBN) hit a new 52-week high Friday as it is currently trading at $41.68, above its previous 52-week high of $41.56 with 1.1 million shares traded as of 12:36 p.m. ET. Average volume has been 2.2 million shares over the past 30 days. Urban Outfitters has a market cap of $5.98 billion and is part of the services sector and retail industry. Shares are up 4.1% year to date as of the close of trading on Thursday. 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 30.6, above the S&P 500 P/E ratio of 17.7.