Is Target (TGT) Stock Outpacing Its Retail-Wholesale Peers This Year?
Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Target (TGT) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of TGT and the rest of the Retail-Wholesale group's stocks.
Target is one of 213 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #2 within 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 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 broader market over the next one to three months. TGT is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for TGT's full-year earnings has moved 42.99% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that TGT has returned about 48.53% since the start of the calendar year. At the same time, Retail-Wholesale stocks have lost an average of 2.92%. This means that Target is outperforming the sector as a whole this year.
Breaking things down more, TGT is a member of the Retail - Discount Stores industry, which includes 8 individual companies and currently sits at #94 in the Zacks Industry Rank. This group has gained an average of 16.82% so far this year, so TGT is performing better in this area.
TGT 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Target Corporation (TGT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
