Investors focused on the Computer and Technology space have likely heard of Vipshop Holdings (VIPS - 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 Computer and Technology peers, we might be able to answer that question.
Vipshop Holdings is a member of our Computer and Technology group, which includes 642 different companies and currently sits at #8 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 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. VIPS is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for VIPS's full-year earnings has moved 12% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that VIPS has returned about 39.56% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 16.04%. This means that Vipshop Holdings is performing better than its sector in terms of year-to-date returns.
Looking more specifically, VIPS belongs to the Internet - Delivery Services industry, which includes 9 individual stocks and currently sits at #168 in the Zacks Industry Rank. This group has gained an average of 9.81% so far this year, so VIPS is performing better in this area.
VIPS will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.