We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Macys (M) Outperforming Other Retail-Wholesale Stocks This Year?
Read MoreHide Full Article
Investors focused on the Retail-Wholesale space have likely heard of Macys (M - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Macys 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 gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. M is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for M's full-year earnings has moved 73.13% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, M has returned 104.36% so far this year. In comparison, Retail-Wholesale companies have returned an average of -4.62%. This shows that Macys is outperforming its peers so far this year.
Looking more specifically, M belongs to the Retail - Regional Department Stores industry, a group that includes 3 individual stocks and currently sits at #1 in the Zacks Industry Rank. On average, this group has gained an average of 83.51% so far this year, meaning that M 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 M as it looks to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Macys (M) Outperforming Other Retail-Wholesale Stocks This Year?
Investors focused on the Retail-Wholesale space have likely heard of Macys (M - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Macys 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 gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. M is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for M's full-year earnings has moved 73.13% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, M has returned 104.36% so far this year. In comparison, Retail-Wholesale companies have returned an average of -4.62%. This shows that Macys is outperforming its peers so far this year.
Looking more specifically, M belongs to the Retail - Regional Department Stores industry, a group that includes 3 individual stocks and currently sits at #1 in the Zacks Industry Rank. On average, this group has gained an average of 83.51% so far this year, meaning that M 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 M as it looks to continue its solid performance.