3 Big Reasons to Buy the Urban Outfitters (URBN) Rally

Since the end of August, URBN stock has rallied more than 30%. Sounds overbought, right? Wrong. The reason for Urban Outfitters strong gain is that its second-quarter earnings smashed the depressed expectations for URBN stock.

When the retailer reported earnings, it revealed a comparable sales drop of just 13% versus its 28% drop in Q1. Some segments actually saw a gain! Further, URBN's gross margins rebounded from 2% to an astonishing 29% quater-over-quarter.

All in all, URBN stock is in rebound mode. And Luke Lango, InvestorPlace's Markets Analyst, thinks you should stick with URBN even after its double-digit rally.

Luke gives three reasons for this, which you can listen to in the clip above.

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Read the Article Here: https://investorplace.com/2020/08/3-big-reasons-to-stick-with-the-rally-in-urbn-stock/

On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this video.

Видео 3 Big Reasons to Buy the Urban Outfitters (URBN) Rally канала InvestorPlace