Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has Children's Place, (PLCE - 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.
Children's Place, is one of 224 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. PLCE is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for PLCE's full-year earnings has moved 12.24% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, PLCE has gained about 7.05% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 15.24% on a year-to-date basis. This shows that Children's Place, is outperforming its peers so far this year.
Looking more specifically, PLCE belongs to the Retail - Apparel and Shoes industry, which includes 42 individual stocks and currently sits at #85 in the Zacks Industry Rank. On average, this group has lost an average of 14.51% so far this year, meaning that PLCE is performing better in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to PLCE as it looks to continue its solid performance.