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Is Hibbett (HIBB) Outperforming Other Retail-Wholesale Stocks This Year?
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The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Hibbett (HIBB - Free Report) one of those stocks right now? 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.
Hibbett is one of 211 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #2 within the Zacks Sector Rank. 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 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. HIBB is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for HIBB's full-year earnings has moved 68.32% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, HIBB has moved about 101.60% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 1.26% on a year-to-date basis. This means that Hibbett is outperforming the sector as a whole this year.
Looking more specifically, HIBB belongs to the Retail - Apparel and Shoes industry, a group that includes 36 individual stocks and currently sits at #24 in the Zacks Industry Rank. On average, this group has gained an average of 29.12% so far this year, meaning that HIBB is performing better in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to HIBB as it looks to continue its solid performance.
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Is Hibbett (HIBB) Outperforming Other Retail-Wholesale Stocks This Year?
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Hibbett (HIBB - Free Report) one of those stocks right now? 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.
Hibbett is one of 211 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #2 within the Zacks Sector Rank. 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 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. HIBB is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for HIBB's full-year earnings has moved 68.32% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, HIBB has moved about 101.60% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 1.26% on a year-to-date basis. This means that Hibbett is outperforming the sector as a whole this year.
Looking more specifically, HIBB belongs to the Retail - Apparel and Shoes industry, a group that includes 36 individual stocks and currently sits at #24 in the Zacks Industry Rank. On average, this group has gained an average of 29.12% so far this year, meaning that HIBB is performing better in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to HIBB as it looks to continue its solid performance.