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Is Ross Stores (ROST) Stock Outpacing Its Retail-Wholesale Peers This Year?
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For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Ross Stores (ROST - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Ross Stores is a member of our Retail-Wholesale group, which includes 187 different companies and currently sits at #4 in 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Ross Stores is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ROST's full-year earnings has moved 5.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ROST has moved about 23.7% on a year-to-date basis. At the same time, Retail-Wholesale stocks have gained an average of 0.9%. This means that Ross Stores is performing better than its sector in terms of year-to-date returns.
Another stock in the Retail-Wholesale sector, Texas Roadhouse (TXRH - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 14.2%.
The consensus estimate for Texas Roadhouse's current year EPS has increased 1.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Ross Stores belongs to the Retail - Discount Stores industry, a group that includes 7 individual companies and currently sits at #23 in the Zacks Industry Rank. On average, stocks in this group have gained 7.7% this year, meaning that ROST is performing better in terms of year-to-date returns.
On the other hand, Texas Roadhouse belongs to the Retail - Restaurants industry. This 36-stock industry is currently ranked #175. The industry has moved +2.4% year to date.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to Ross Stores and Texas Roadhouse as they could maintain their solid performance.
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Is Ross Stores (ROST) Stock Outpacing Its Retail-Wholesale Peers This Year?
For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Ross Stores (ROST - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Ross Stores is a member of our Retail-Wholesale group, which includes 187 different companies and currently sits at #4 in 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Ross Stores is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ROST's full-year earnings has moved 5.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ROST has moved about 23.7% on a year-to-date basis. At the same time, Retail-Wholesale stocks have gained an average of 0.9%. This means that Ross Stores is performing better than its sector in terms of year-to-date returns.
Another stock in the Retail-Wholesale sector, Texas Roadhouse (TXRH - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 14.2%.
The consensus estimate for Texas Roadhouse's current year EPS has increased 1.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Ross Stores belongs to the Retail - Discount Stores industry, a group that includes 7 individual companies and currently sits at #23 in the Zacks Industry Rank. On average, stocks in this group have gained 7.7% this year, meaning that ROST is performing better in terms of year-to-date returns.
On the other hand, Texas Roadhouse belongs to the Retail - Restaurants industry. This 36-stock industry is currently ranked #175. The industry has moved +2.4% year to date.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to Ross Stores and Texas Roadhouse as they could maintain their solid performance.