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Has Target (TGT) Outpaced Other Retail-Wholesale Stocks This Year?
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For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Target (TGT - Free Report) been one of those stocks this year? 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 214 individual stocks and currently holds a Zacks Sector Rank of #5. 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).
The Zacks Consensus Estimate for TGT's full-year earnings has moved 0.26% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, TGT has moved about 25.78% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 15.67%. 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 #37 in the Zacks Industry Rank. On average, this group has gained an average of 19.07% so far this year, meaning that TGT is performing better in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track TGT. The stock will be looking to continue its solid performance.
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Has Target (TGT) Outpaced Other Retail-Wholesale Stocks This Year?
For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Target (TGT - Free Report) been one of those stocks this year? 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 214 individual stocks and currently holds a Zacks Sector Rank of #5. 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).
The Zacks Consensus Estimate for TGT's full-year earnings has moved 0.26% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, TGT has moved about 25.78% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 15.67%. 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 #37 in the Zacks Industry Rank. On average, this group has gained an average of 19.07% so far this year, meaning that TGT is performing better in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track TGT. The stock will be looking to continue its solid performance.