The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Hennes & Mauritz AB (HNNMY) 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.
Hennes & Mauritz AB is a member of the Retail-Wholesale sector. This group includes 195 individual stocks and currently holds a Zacks Sector Rank of #10. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Hennes & Mauritz AB is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for HNNMY's full-year earnings has moved 8.1% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, HNNMY has returned 34.9% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 3.7% on average. This means that Hennes & Mauritz AB is outperforming the sector as a whole this year.
One other Retail-Wholesale stock that has outperformed the sector so far this year is Ross Stores (ROST). The stock is up 15.1% year-to-date.
For Ross Stores, the consensus EPS estimate for the current year has increased 4.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Hennes & Mauritz AB belongs to the Retail - Apparel and Shoes industry, a group that includes 38 individual companies and currently sits at #58 in the Zacks Industry Rank. This group has lost an average of 14.8% so far this year, so HNNMY is performing better in this area.
On the other hand, Ross Stores belongs to the Retail - Discount Stores industry. This 8-stock industry is currently ranked #94. The industry has moved +2.5% year to date.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to Hennes & Mauritz AB and Ross Stores as they could maintain their solid performance.
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Hennes & Mauritz AB (HNNMY): Free Stock Analysis Report Ross Stores, Inc. (ROST): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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