Investors focused on the Retail-Wholesale space have likely heard of Foot Locker (FL - 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.
Foot Locker is a member of the Retail-Wholesale sector. This group includes 223 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. FL is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for FL's full-year earnings has moved 6.63% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that FL has returned about 18.46% since the start of the calendar year. Meanwhile, stocks in the Retail-Wholesale group have gained about 17.27% on average. This means that Foot Locker is performing better than its sector in terms of year-to-date returns.
Looking more specifically, FL belongs to the Retail - Apparel and Shoes industry, which includes 43 individual stocks and currently sits at #81 in the Zacks Industry Rank. Stocks in this group have gained about 6.82% so far this year, so FL is performing better this group in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track FL. The stock will be looking to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors focused on the Retail-Wholesale space have likely heard of Foot Locker (FL - 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.
Foot Locker is a member of the Retail-Wholesale sector. This group includes 223 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. FL is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for FL's full-year earnings has moved 6.63% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that FL has returned about 18.46% since the start of the calendar year. Meanwhile, stocks in the Retail-Wholesale group have gained about 17.27% on average. This means that Foot Locker is performing better than its sector in terms of year-to-date returns.
Looking more specifically, FL belongs to the Retail - Apparel and Shoes industry, which includes 43 individual stocks and currently sits at #81 in the Zacks Industry Rank. Stocks in this group have gained about 6.82% so far this year, so FL is performing better this group in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track FL. The stock will be looking to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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