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Is Target (TGT) Stock Outpacing Its Retail-Wholesale Peers This Year?
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Investors focused on the Retail-Wholesale space have likely heard of Target (TGT - Free Report) , 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 one of 214 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. TGT is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for TGT's full-year earnings has moved 0.26% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, TGT has returned 25.78% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 15.67% on average. As we can see, Target is performing better than its sector in the calendar year.
Looking more specifically, TGT belongs to the Retail - Discount Stores industry, a group that includes 11 individual stocks and currently sits at #37 in the Zacks Industry Rank. On average, this group has gained an average of 19.07% so far this year, meaning that TGT is performing better in terms of year-to-date returns.
TGT will likely be looking to continue its solid performance, so investors interested Retail-Wholesale stocks should continue to pay close attention to the company.
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Is Target (TGT) Stock Outpacing Its Retail-Wholesale Peers This Year?
Investors focused on the Retail-Wholesale space have likely heard of Target (TGT - Free Report) , 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 one of 214 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. TGT is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for TGT's full-year earnings has moved 0.26% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, TGT has returned 25.78% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 15.67% on average. As we can see, Target is performing better than its sector in the calendar year.
Looking more specifically, TGT belongs to the Retail - Discount Stores industry, a group that includes 11 individual stocks and currently sits at #37 in the Zacks Industry Rank. On average, this group has gained an average of 19.07% so far this year, meaning that TGT is performing better in terms of year-to-date returns.
TGT will likely be looking to continue its solid performance, so investors interested Retail-Wholesale stocks should continue to pay close attention to the company.