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? 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 one of 223 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #11 within 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).
Over the past three months, the Zacks Consensus Estimate for TGT's full-year earnings has moved 6.02% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, TGT has returned 20.50% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 10.12% on average. As we can see, Target is performing better than its sector in the calendar year.
To break things down more, TGT belongs to the Retail - Discount Stores industry, a group that includes 10 individual companies and currently sits at #63 in the Zacks Industry Rank. On average, this group has gained an average of 13.63% so far this year, meaning that TGT is performing better 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.