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 Lowe's Companies (LOW - 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.
Lowe's Companies is a member of the Retail-Wholesale sector. This group includes 224 individual stocks and currently holds a Zacks Sector Rank of #5. 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 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. LOW is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for LOW's full-year earnings has moved 1.20% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that LOW has returned about 19.12% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 18.33%. As we can see, Lowe's Companies is performing better than its sector in the calendar year.
To break things down more, LOW belongs to the Building Products - Retail industry, a group that includes 11 individual companies and currently sits at #73 in the Zacks Industry Rank. On average, this group has gained an average of 28.52% so far this year, meaning that LOW is slightly underperforming its industry in terms of year-to-date returns.
LOW 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.