For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Urban Outfitters (URBN - Free Report) been one of those stocks this year? 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 one of 214 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. URBN is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for URBN's full-year earnings has moved 10.76% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that URBN has returned about 27.07% since the start of the calendar year. Meanwhile, the Retail-Wholesale sector has returned an average of 10.03% on a year-to-date basis. This means that Urban Outfitters is performing better than its sector in terms of year-to-date returns.
Looking more specifically, URBN belongs to the Retail - Apparel and Shoes industry, a group that includes 33 individual stocks and currently sits at #60 in the Zacks Industry Rank. This group has gained an average of 3.78% so far this year, so URBN is performing better in this area.
Investors with an interest in Retail-Wholesale stocks should continue to track URBN. The stock will be looking to continue its solid performance.