Urban Outfitters Accumulated On Heavy Volume - Urban Outfitters (NASDAQ:URBN)

Shares of Urban Outfitters

URBN

have been surging throughout Wednesday's trading session. The stock is currently trading 6.29% higher at $30.94. Volume has been heavy with more than 6.1 million URBN shares already trading hands compared to a 3-month daily average of 3.2 million. The stock trades at a trailing P/E of 20.5, a forward P/E of 16.36 and a PEG ratio of 0.96. The median Wall Street price target for Urban Outfitters is $36.00 with a high target of $48.00. Urban Outfitters, Inc. (Urban Outfitters) is a lifestyle specialty retail company that operates under the Urban Outfitters, Anthropologie, Free People and Terrain brands. The Company also operates a wholesale segment under the Free People and Leifsdottir brands.

ACTION ITEMS:

Bullish:

Urban Outfitters trades at a reasonable valuation and should benefit from Wall Street's recent appetite for consumer discretionary stocks.

The company has been a long-term performer, gaining more than 2,100% over the last 10 years.

Bearish:

The stock has been in a downtrend, falling almost 14% year-to-date.

Urban Outfitters shares have lagged other names in the sector rather dramatically in 2011 - there is no obvious reason to think this trend will change.

Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

Market News and Data brought to you by Benzinga APIs