Investors focused on the Retail-Wholesale space have likely heard of Target (TGT - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of TGT and the rest of the Retail-Wholesale group's stocks.
Target is one of 225 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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).
Over the past 90 days, the Zacks Consensus Estimate for TGT's full-year earnings has moved 3.92% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that TGT has returned about 8.46% since the start of the calendar year. Meanwhile, stocks in the Retail-Wholesale group have gained about 13.02% on average. This means that Target is performing better than its sector in terms of year-to-date returns.
To break things down more, TGT belongs to the Retail - Discount Stores industry, a group that includes 10 individual companies and currently sits at #108 in the Zacks Industry Rank. On average, stocks in this group have gained 14.50% this year, meaning that TGT is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on TGT as it attempts to continue its solid performance.