The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is The Home Depot (HD - Free Report) one of those stocks right now? 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.
The Home Depot is a member of our Retail-Wholesale group, which includes 155 different companies and currently sits at #3 in the Zacks Sector Rank. 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. HD is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for HD's full-year earnings has moved 1.39% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that HD has returned about 4.92% since the start of the calendar year. Meanwhile, the Retail-Wholesale sector has returned an average of 15.12% on a year-to-date basis. This means that The Home Depot is outperforming the sector as a whole this year.
Looking more specifically, HD belongs to the Building Products - Retail industry, which includes 8 individual stocks and currently sits at #161 in the Zacks Industry Rank. On average, this group has gained an average of 7.53% so far this year, meaning that HD is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to HD as it looks to continue its solid performance.