For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Zumiez (ZUMZ - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ZUMZ and the rest of the Retail-Wholesale group's stocks.
Zumiez is one of 225 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. 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. ZUMZ is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ZUMZ's full-year earnings has moved 14.11% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ZUMZ has moved about 62.60% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 17.90%. As we can see, Zumiez is performing better than its sector in the calendar year.
Looking more specifically, ZUMZ belongs to the Retail - Apparel and Shoes industry, which includes 42 individual stocks and currently sits at #55 in the Zacks Industry Rank. On average, stocks in this group have lost 24.40% this year, meaning that ZUMZ 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 ZUMZ as it looks to continue its solid performance.