The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Lowe's Companies (LOW - 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.
Lowe's Companies is a member of our Retail-Wholesale group, which includes 224 different companies and currently sits at #3 in 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. LOW is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for LOW's full-year earnings has moved 1.38% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that LOW has returned about 20.84% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 20.23%. This shows that Lowe's Companies is outperforming its peers so far this year.
Looking more specifically, LOW belongs to the Building Products - Retail industry, a group that includes 11 individual stocks and currently sits at #29 in the Zacks Industry Rank. On average, this group has gained an average of 33.63% so far this year, meaning that LOW is slightly underperforming its industry in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track LOW. The stock will be looking to continue its solid performance.