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 Urban Outfitters (URBN - Free Report) one of those stocks right now? 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.
Urban Outfitters is a member of the Retail-Wholesale sector. This group includes 215 individual stocks and currently holds a Zacks Sector Rank of #5. 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. URBN is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for URBN's full-year earnings has moved 10.76% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, URBN has gained about 33.74% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 13.34% on average. As we can see, Urban Outfitters is performing better than its sector in the calendar year.
To break things down more, URBN belongs to the Retail - Apparel and Shoes industry, a group that includes 34 individual companies and currently sits at #68 in the Zacks Industry Rank. This group has gained an average of 2.78% so far this year, so URBN is performing better in this area.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to URBN as it looks to continue its solid performance.