Investors focused on the Retail-Wholesale space have likely heard of Signet Jewelers (SIG - 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.
Signet Jewelers is a member of our Retail-Wholesale group, which includes 155 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. SIG is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for SIG's full-year earnings has moved 5.94% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, SIG has gained about 9.57% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 10.39%. This means that Signet Jewelers is performing better than its sector in terms of year-to-date returns.
Breaking things down more, SIG is a member of the Retail - Jewelry industry, which includes 2 individual companies and currently sits at #3 in the Zacks Industry Rank. This group has gained an average of 14.97% so far this year, so SIG is slightly underperforming its industry in this area.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to SIG as it looks to continue its solid performance.