Is Target (TGT) outperforming other wholesale-retail stocks this year?


IInvestors 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 glance at how the company has performed since the start of the year relative to the rest of the retail and wholesale industry should help answer this question.

Target is a member of the Retail-Wholesale sector. This group consists of 208 individual stocks and currently holds a Zacks # 3 sector rank. Zacks sector ranking takes into account 16 different sector groups. The average Zacks rank of individual stocks within groups is measured and sectors are ranked from best to worst.

The Zacks Ranking is a proven system that emphasizes profit estimates and estimate revisions, highlighting a variety of stocks that display the right characteristics to beat the market over the next one to three months. TGT currently has a Zacks rank of # 1 (strong buy).

Zacks’ consensus estimate for TGT’s annual profit rose 34.12% in the last quarter. This means that analyst sentiment is stronger and the outlook for the stock’s earnings is improving.

According to our latest data, TGT has grown by around 28.55% since the start of the year. Meanwhile, the shares of the Retail-Wholesale group lost around 1.82% on average. This shows that Target is outperforming its peers so far this year.

Breaking it down further, TGT is a member of the Retail Industry – Discount Stores, which consists of 8 sole proprietorships and currently sits 69th in the Zacks Industry Rankings. Shares in this group have gained around 5.95% so far this year, so TGT has been doing better in this group in terms of returns since the start of the year.

Going forward, investors interested in retail and wholesale stocks should continue to pay close attention to TGT as it looks to continue its strong performance.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


About Timothy Cheatham

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