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Has Movado Group (MOV) Outpaced Other Retail-Wholesale Stocks This Year?

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Investors focused on the Retail-Wholesale space have likely heard of Movado Group (MOV - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of MOV and the rest of the Retail-Wholesale group's stocks.

Movado Group is a member of our Retail-Wholesale group, which includes 214 different companies and currently sits 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. MOV is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for MOV's full-year earnings has moved 4.78% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, MOV has returned 37.73% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 18.59%. This shows that Movado Group is outperforming its peers so far this year.

To break things down more, MOV belongs to the Retail - Jewelry industry, a group that includes 4 individual companies and currently sits at #9 in the Zacks Industry Rank. On average, stocks in this group have gained 17.09% this year, meaning that MOV 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 MOV as it looks to continue its solid performance.

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