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Is Macy's (M) Outperforming Other Retail-Wholesale Stocks This Year?
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Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has Macy's (M - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Macy's is a member of the Retail-Wholesale sector. This group includes 228 individual stocks and currently holds a Zacks Sector Rank of #5. 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. M is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for M's full-year earnings has moved 2.47% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that M has returned about 31.32% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 3.29%. This means that Macy's is outperforming the sector as a whole this year.
Looking more specifically, M belongs to the Retail - Regional Department Stores industry, which includes 4 individual stocks and currently sits at #113 in the Zacks Industry Rank. On average, stocks in this group have gained 27.07% this year, meaning that M is performing better in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track M. The stock will be looking to continue its solid performance.
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Is Macy's (M) Outperforming Other Retail-Wholesale Stocks This Year?
Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has Macy's (M - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Macy's is a member of the Retail-Wholesale sector. This group includes 228 individual stocks and currently holds a Zacks Sector Rank of #5. 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. M is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for M's full-year earnings has moved 2.47% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that M has returned about 31.32% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 3.29%. This means that Macy's is outperforming the sector as a whole this year.
Looking more specifically, M belongs to the Retail - Regional Department Stores industry, which includes 4 individual stocks and currently sits at #113 in the Zacks Industry Rank. On average, stocks in this group have gained 27.07% this year, meaning that M is performing better in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track M. The stock will be looking to continue its solid performance.