Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Macy's (M - 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.
Macy's is one of 222 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. 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 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. M is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for M's full-year earnings has moved 3.77% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, M has gained about 3.29% so far this year. In comparison, Retail-Wholesale companies have returned an average of 0.72%. As we can see, Macy's is performing better than its sector in the calendar year.
To break things down more, M belongs to the Retail - Regional Department Stores industry, a group that includes 4 individual companies and currently sits at #200 in the Zacks Industry Rank. Stocks in this group have gained about 2.94% so far this year, so M is performing better this group in terms of year-to-date returns.
M will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.