Investors focused on the Retail-Wholesale space have likely heard of Urban Outfitters (URBN - 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.
Urban Outfitters is one of 155 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #2 within 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 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. URBN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for URBN's full-year earnings has moved 7.09% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, URBN has gained about 14.38% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 14.04% on a year-to-date basis. This means that Urban Outfitters is outperforming the sector as a whole this year.
Breaking things down more, URBN is a member of the Retail - Apparel and Shoes industry, which includes 11 individual companies and currently sits at #30 in the Zacks Industry Rank. On average, this group has lost an average of 0.63% so far this year, meaning that URBN is performing better in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track URBN. The stock will be looking to continue its solid performance.