Investors focused on the Retail-Wholesale space have likely heard of Target (TGT), but is the stock performing well compared to the rest of its industry peers? A quick look at how the company has performed since the start of the year compared to the rest of the Retail-Wholesale sector should help us answer this question.
Target is a member of the Retail-Wholesale sector. This group consists of 211 individual stocks and currently holds a sector rank of Zacks # 1. The Zacks Sector Rankings consider 16 different groups, measuring the average Zacks rank of individual stocks within the sector to gauge the strength of each group.
Zacks Rank is a successful stock picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the overall market over the next one to three months. TGT currently sports a Zacks rank of # 1 (strong buy).
In the last quarter, Zacks’ consensus estimate for TGT’s annual profit rose 37.40%. This is a sign of improving sentiment among analysts and a positive trend in the earnings outlook.
Based on the most recent data, TGT has reported 37.92% so far this year. At the same time, Retail-Wholesale stocks gained on average 1.73%. This means that Target has outperformed its industry in terms of returns since the start of the year.
Looking more closely, TGT belongs to the Retail – Discount Stores sector, which comprises 8 individual stocks and is currently ranked 26th in the Zacks industry rankings. On average, this group has gained an average of 10.03% so far this year, which means that TGT performs better in terms of cumulative returns.
Retail and wholesale investors will want to keep a close eye on TGT as it attempts to continue its strong performance.
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