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 Foot Locker (FL - 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.
Foot Locker is a member of the Retail-Wholesale sector. This group includes 218 individual stocks and currently holds a Zacks Sector Rank of #9. 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. FL is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for FL's full-year earnings has moved 6.78% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that FL has returned about 6.97% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 13.70%. This means that Foot Locker is performing better than its sector in terms of year-to-date returns.
To break things down more, FL belongs to the Retail - Apparel and Shoes industry, a group that includes 42 individual companies and currently sits at #147 in the Zacks Industry Rank. On average, this group has gained an average of 3.69% so far this year, meaning that FL is performing better in terms of year-to-date returns.
FL 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.