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Is Macy's (M) Stock Outpacing Its Retail-Wholesale Peers This Year?

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The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Macy's (M - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Macy's is a member of the Retail-Wholesale sector. This group includes 216 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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. M is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for M's full-year earnings has moved 29.54% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, M has returned 22.03% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 5.78% on average. This means that Macy's is performing better than its sector in terms of year-to-date returns.

To break things down more, M belongs to the Retail - Regional Department Stores industry, a group that includes 5 individual companies and currently sits at #14 in the Zacks Industry Rank. On average, stocks in this group have gained 17.87% this year, meaning that M is performing better in terms of year-to-date returns.

Investors with an interest in Retail-Wholesale stocks should continue to track M. The stock will be looking to continue its solid performance.


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