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? 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.
Target is a member of the Retail-Wholesale sector. This group includes 155 individual stocks and currently holds a Zacks Sector Rank of #3. 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 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. TGT is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for TGT's full-year earnings has moved 1.91% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, TGT has moved about 30.02% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 15.12% on average. As we can see, Target is performing better than its sector in the calendar year.
Breaking things down more, TGT is a member of the Retail - Discount Stores industry, which includes 3 individual companies and currently sits at #34 in the Zacks Industry Rank. On average, this group has gained an average of 22.67% so far this year, meaning that TGT is performing better in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track TGT. The stock will be looking to continue its solid performance.