Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Target (TGT - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
Target is a member of our Retail-Wholesale group, which includes 225 different companies and currently sits at #5 in 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 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. 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 3.91% 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 67.30% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of 17.48%. This shows that Target is outperforming its peers so far this year.
Breaking things down more, TGT is a member of the Retail - Discount Stores industry, which includes 10 individual companies and currently sits at #14 in the Zacks Industry Rank. This group has gained an average of 42.50% so far this year, so TGT is performing better in this area.
TGT 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.