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Is The Home Depot (HD) Stock Outpacing Its Retail-Wholesale Peers This Year?

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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 The Home Depot (HD - 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.

The Home Depot 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 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 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. HD is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for HD's full-year earnings has moved 0.12% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, HD has gained about 35.14% so far this year. In comparison, Retail-Wholesale companies have returned an average of 23.23%. This shows that The Home Depot is outperforming its peers so far this year.

Breaking things down more, HD is a member of the Building Products - Retail industry, which includes 11 individual companies and currently sits at #65 in the Zacks Industry Rank. This group has gained an average of 33.28% so far this year, so HD is performing better in this area.

HD 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.


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