We recently compiled a list of the 10 Firms Stayed Strong Amid Market Bloodbath. In this article, we are going to take a look at where Urban Outfitters, Inc. (NASDAQ:URBN) stands against the other stocks.
The stock market ended in a bloodbath on Thursday, with all major indices finishing in the red, as investors turned cautious anew over President Donald Trump’s tariff imposition on goods from more countries.
The Dow Jones dropped by 0.45 percent, while the S&P declined 1.59 percent. Nasdaq, on the other hand, lost 2.78 percent.
On Thursday, Trump threatened to slap EU products with a 25-percent tariff, following his announcement on Wednesday of another month of delay for the imposition of taxes on goods from Mexico and Canada.
Meanwhile, ten companies defied broader market pessimism, posting strong gains during the day.
To come up with Thursday’s top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.
A frontline retail worker organizing apparel products in a store.
Urban Outfitters, Inc. (NASDAQ:URBN)
Urban Outfitters, Inc. (NASDAQ:URBN) saw its share prices rally by 8.18 percent on Thursday to finish at $57.25 apiece as investors cheered news of impressive earnings performance during the last quarter.
In a statement, Urban Outfitters, Inc. (NASDAQ:URBN) said net income for the fourth quarter ended January 31, 2025, expanded by 155 percent to $120 million from $47.7 million in the same period a year earlier, pushing its net income for the full year higher by 40 percent to $402.3 million from $287.7 million in 2023.
Net sales grew by 10 percent to $1.636 billion from $1.486 billion for the same comparable quarter, while net sales for the full year rose by 7.7 percent to $5.55 billion from $5.15 billion.
According to Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne, the company’s strong performance can be attributed to the success of all three business segments, namely retail, subscription, and wholesale.
“We believe these results demonstrate the effectiveness of our strategic initiatives and give us confidence in Urban Outfitters, Inc. (NASDAQ:URBN)’s continued success,” he added.
Overall URBN ranks 7th on our list of Thursday’s top gainers. While we acknowledge the potential of URBN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as URBN but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock
Disclosure: None. This article is originally published at Insider Monkey.