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Is Movado Group (MOV) Outperforming Other Retail-Wholesale Stocks This Year?

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Investors focused on the Retail-Wholesale space have likely heard of Movado Group (MOV - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Movado Group is one of 215 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. MOV is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for MOV's full-year earnings has moved 25.59% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, MOV has moved about 51.09% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 14.19% on a year-to-date basis. This shows that Movado Group is outperforming its peers so far this year.

Breaking things down more, MOV is a member of the Retail - Jewelry industry, which includes 4 individual companies and currently sits at #4 in the Zacks Industry Rank. This group has gained an average of 23.43% so far this year, so MOV is performing better in this area.

Investors in the Retail-Wholesale sector will want to keep a close eye on MOV as it attempts to continue its solid performance.


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