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Has Movado Group (MOV) Outpaced 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. Movado (MOV - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Movado is a member of the Retail-Wholesale sector. This group includes 187 individual stocks and currently holds a Zacks Sector Rank of #8. 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. Movado is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MOV's full-year earnings has moved 22.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that MOV has returned about 79.4% since the start of the calendar year. Meanwhile, the Retail-Wholesale sector has returned an average of 6.6% on a year-to-date basis. This shows that Movado is outperforming its peers so far this year.
Insight Enterprises (NSIT - Free Report) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 85.3%.
The consensus estimate for Insight Enterprises' current year EPS has increased 3.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Movado belongs to the Retail - Jewelry industry, a group that includes 6 individual companies and currently sits at #53 in the Zacks Industry Rank. On average, this group has gained an average of 17.4% so far this year, meaning that MOV is performing better in terms of year-to-date returns.
Insight Enterprises, however, belongs to the Retail - Mail Order industry. Currently, this 2-stock industry is ranked #33. The industry has moved +75% so far this year.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to Movado and Insight Enterprises as they could maintain their solid performance.
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Has Movado Group (MOV) Outpaced 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. Movado (MOV - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Movado is a member of the Retail-Wholesale sector. This group includes 187 individual stocks and currently holds a Zacks Sector Rank of #8. 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. Movado is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MOV's full-year earnings has moved 22.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that MOV has returned about 79.4% since the start of the calendar year. Meanwhile, the Retail-Wholesale sector has returned an average of 6.6% on a year-to-date basis. This shows that Movado is outperforming its peers so far this year.
Insight Enterprises (NSIT - Free Report) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 85.3%.
The consensus estimate for Insight Enterprises' current year EPS has increased 3.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Movado belongs to the Retail - Jewelry industry, a group that includes 6 individual companies and currently sits at #53 in the Zacks Industry Rank. On average, this group has gained an average of 17.4% so far this year, meaning that MOV is performing better in terms of year-to-date returns.
Insight Enterprises, however, belongs to the Retail - Mail Order industry. Currently, this 2-stock industry is ranked #33. The industry has moved +75% so far this year.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to Movado and Insight Enterprises as they could maintain their solid performance.