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

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Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Target (TGT - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.

Target is one of 213 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #7 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 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).

Over the past three months, the Zacks Consensus Estimate for TGT's full-year earnings has moved 1.83% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, TGT has moved about 34.38% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 17.16%. As we can see, Target is performing better than its sector in the calendar year.

Breaking things down more, TGT is a member of the Retail - Discount Stores industry, which includes 11 individual companies and currently sits at #53 in the Zacks Industry Rank. On average, stocks in this group have gained 24.87% this year, meaning that TGT is performing better in terms of year-to-date returns.

Investors in the Retail-Wholesale sector will want to keep a close eye on TGT as it attempts to continue its solid performance.


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