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Is Target (TGT) Stock Outpacing Its Retail-Wholesale Peers This Year?

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For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Target (TGT - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Target is a member of the Retail-Wholesale sector. This group includes 228 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. 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 2.02% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, TGT has gained about 32.97% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 10.04%. This means that Target is outperforming the sector as a whole this year.

Looking more specifically, TGT belongs to the Retail - Discount Stores industry, which includes 10 individual stocks and currently sits at #76 in the Zacks Industry Rank. On average, stocks in this group have gained 14.80% 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.


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