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Has Target (TGT) Outpaced Other Retail-Wholesale Stocks This Year?

Zacks Equity Research
Updated
BancorpSouth (BXS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Target (TGT) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison 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 includes 216 individual stocks and currently holds a Zacks Sector Rank of #6. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. 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 0.28% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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Based on the most recent data, TGT has returned 9.07% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 7.83% on average. 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 11 individual companies and currently sits at #168 in the Zacks Industry Rank. On average, this group has gained an average of 6.28% so far this year, meaning that TGT is performing better in terms of year-to-date returns.

Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to TGT as it looks to continue its solid performance.


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