The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Target (TGT - Free Report) one of those stocks right now? 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 our Retail-Wholesale group, which includes 218 different companies and currently sits at #9 in 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 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).
The Zacks Consensus Estimate for TGT's full-year earnings has moved 2.81% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, TGT has returned 15.40% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 11.76%. This shows that Target is outperforming its peers so far this year.
Breaking things down more, TGT is a member of the Retail - Discount Stores industry, which includes 10 individual companies and currently sits at #58 in the Zacks Industry Rank. Stocks in this group have gained about 12.62% so far this year, so TGT is performing better this group 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.