ANF - Stock Market Sell-Off: Is Urban Outfitters a Buy?
2023-04-20 09:53:00 ET
It is worth taking a deep dive when a stock is performing very differently from the market and its peers. That's exactly the case today with retailer Urban Outfitters (NASDAQ: URBN) . What's going on? Is there a reason to think it can continue to excel relative to peers and the market? Here's a quick look at what's been going on.
Urban Outfitters stock is up 5.5% over the past year. That compares to a decline of 5% for the S&P 500 index over the same span, which is pretty impressive outperformance. However, the teen-oriented fashion retailer looks even better when you compare it to peers like American Eagle Outfitters (NYSE: AEO) and Abercrombie & Fitch (NYSE: ANF) . Those two retailers have fallen 21% and 27%, respectively, over the past 12 months.
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Stock Market Sell-Off: Is Urban Outfitters a Buy?