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Is Ross Stores (ROST) Outperforming Other Retail-Wholesale Stocks This Year?
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Investors focused on the Retail-Wholesale space have likely heard of Ross Stores (ROST - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Ross Stores is a member of our Retail-Wholesale group, which includes 224 different companies and currently sits at #4 in 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. ROST is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ROST's full-year earnings has moved 0.41% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ROST has returned 23.62% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 17.73% on average. As we can see, Ross Stores is performing better than its sector in the calendar year.
Looking more specifically, ROST belongs to the Retail - Discount Stores industry, a group that includes 10 individual stocks and currently sits at #51 in the Zacks Industry Rank. Stocks in this group have gained about 26.37% so far this year, so ROST is slightly underperforming its industry this group in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on ROST as it attempts to continue its solid performance.
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Is Ross Stores (ROST) Outperforming Other Retail-Wholesale Stocks This Year?
Investors focused on the Retail-Wholesale space have likely heard of Ross Stores (ROST - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Ross Stores is a member of our Retail-Wholesale group, which includes 224 different companies and currently sits at #4 in 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. ROST is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ROST's full-year earnings has moved 0.41% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ROST has returned 23.62% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 17.73% on average. As we can see, Ross Stores is performing better than its sector in the calendar year.
Looking more specifically, ROST belongs to the Retail - Discount Stores industry, a group that includes 10 individual stocks and currently sits at #51 in the Zacks Industry Rank. Stocks in this group have gained about 26.37% so far this year, so ROST is slightly underperforming its industry this group in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on ROST as it attempts to continue its solid performance.