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Is Target (TGT) Outperforming Other Retail-Wholesale Stocks This Year?

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Investors focused on the Retail-Wholesale space have likely heard of Target (TGT - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Target is one of 214 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #9 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. TGT is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for TGT's full-year earnings has moved 1.74% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, TGT has moved about 33.81% on a year-to-date basis. At the same time, Retail-Wholesale stocks have gained an average of 19.56%. As we can see, Target is performing better than its sector in the calendar year.

Looking more specifically, TGT belongs to the Retail - Discount Stores industry, which includes 11 individual stocks and currently sits at #89 in the Zacks Industry Rank. On average, stocks in this group have gained 24.18% this year, meaning that TGT 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 TGT as it looks to continue its solid performance.


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