Investors focused on the Retail-Wholesale space have likely heard of American Eagle Outfitters (AEO - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
American Eagle Outfitters is one of 214 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. AEO is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AEO's full-year earnings has moved 3.33% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AEO has moved about 40.64% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 15.11% on a year-to-date basis. This shows that American Eagle Outfitters is outperforming its peers so far this year.
Looking more specifically, AEO belongs to the Retail - Apparel and Shoes industry, a group that includes 33 individual stocks and currently sits at #121 in the Zacks Industry Rank. On average, this group has gained an average of 2.03% so far this year, meaning that AEO 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 AEO as it looks to continue its solid performance.