Why Urban Outfitters Stock Blasted Higher in December

Company Performance - Urban Outfitters' share price increased by almost 13% in December, driven by positive news and an analyst price target lift [1] - The company performed well during the Black Friday shopping period, with strong sales and inventory turnover reported for Urban Outfitters and Anthropologie [2][3] - The Free People brand and Anthropologie exceeded expectations in the previous quarter, with momentum continuing into the early holiday season [6] Analyst Perspective - Baird analyst Mark Altschwager raised the price target for Urban Outfitters stock to $55 from $49, citing positive factors such as the company's strong balance sheet and progress in improving the Urban Outfitters brand [5][6] Industry Context - While Urban Outfitters performed well during Black Friday, other retailers like Tapestry and Capri Holdings' Michael Kors underperformed [4] - Companies such as Under Armour and Peloton are working on turnaround programs to improve their businesses [4] Future Outlook - The company's performance during the holiday season will be revealed in its fourth-quarter results, expected to be published in late February [7]