Shares of Urban Outfitters (URBN) spiked, hitting a 52 week high on Tuesday, making it TheStreet’s Move of the Day. The apparel retailer posted strong fourth quarter earnings Monday with sales rising 12% to $1.01 billion for the period. Same-store sales rose by 6%, and showed growth across all its brands. It was helped by better numbers at its namesake Urban Outfitters stores, as well as higher demand for its Free People line. Late last month, the company announced another 20 million-share repurchase program. Shares of Urban closed up on eight times its average trading volume. The stock ended the day as the top gainer on the S&P 500. TheStreet’s Kurumi Fukushima reports in New York.
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