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Is Target (TGT) Outperforming Other Retail-Wholesale Stocks 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? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.

Target is a member of our Retail-Wholesale group, which includes 224 different companies and currently sits at #5 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).

Within the past quarter, the Zacks Consensus Estimate for TGT's full-year earnings has moved 2.20% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, TGT has gained about 32.83% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 15.81%. This shows that Target is outperforming its peers so far this year.

Looking more specifically, TGT belongs to the Retail - Discount Stores industry, a group that includes 10 individual stocks and currently sits at #50 in the Zacks Industry Rank. This group has gained an average of 25.03% so far this year, so TGT is performing better in this area.

Investors with an interest in Retail-Wholesale stocks should continue to track TGT. The stock will be looking to continue its solid performance.


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