The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Industria de Diseno Textil SA (IDEXY) 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.
Industria de Diseno Textil SA is one of 196 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. 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 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. Industria de Diseno Textil SA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for IDEXY's full-year earnings has moved 18.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that IDEXY has returned about 29.5% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of 6.7%. This means that Industria de Diseno Textil SA is performing better than its sector in terms of year-to-date returns.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Stitch Fix (SFIX). The stock has returned 18.8% year-to-date.
For Stitch Fix, the consensus EPS estimate for the current year has increased 38.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Industria de Diseno Textil SA belongs to the Retail - Apparel and Shoes industry, a group that includes 39 individual companies and currently sits at #50 in the Zacks Industry Rank. On average, stocks in this group have lost 0.9% this year, meaning that IDEXY is performing better in terms of year-to-date returns. Stitch Fix is also part of the same industry.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on Industria de Diseno Textil SA and Stitch Fix as they attempt to continue their solid performance.
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Industria de Diseno Textil SA (IDEXY): Free Stock Analysis Report Stitch Fix, Inc. (SFIX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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