Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. TJX (TJX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
TJX is one of 193 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. TJX is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for TJX's full-year earnings has moved 1.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, TJX has moved about 1.7% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 1.6% on average. This shows that TJX is outperforming its peers so far this year.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Tapestry (TPR). The stock has returned 21% year-to-date.
In Tapestry's case, the consensus EPS estimate for the current year increased 11.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, TJX belongs to the Retail - Discount Stores industry, a group that includes 8 individual stocks and currently sits at #23 in the Zacks Industry Rank. On average, stocks in this group have gained 11.2% this year, meaning that TJX is slightly underperforming its industry in terms of year-to-date returns.
Tapestry, however, belongs to the Retail - Apparel and Shoes industry. Currently, this 38-stock industry is ranked #41. The industry has moved +3.8% so far this year.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to TJX and Tapestry as they could maintain their solid performance.
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The TJX Companies, Inc. (TJX): Free Stock Analysis Report Tapestry, Inc. (TPR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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