Investors focused on the Retail-Wholesale space have likely heard of Target (TGT), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Target is a member of our Retail-Wholesale group, which includes 223 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TGT is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TGT's full-year earnings has moved 3.61% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, TGT has gained about 22.15% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 17.37% on a year-to-date basis. This means that Target is performing better than its sector in terms of year-to-date returns.
Looking more specifically, TGT belongs to the Retail - Discount Stores industry, which includes 10 individual stocks and currently sits at #74 in the Zacks Industry Rank. On average, this group has gained an average of 17.99% so far this year, meaning that TGT is performing better in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to TGT as it looks to continue its solid performance.
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