For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Figs (FIGS) 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.
Figs is one of 193 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #12 within 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. Figs is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for FIGS' full-year earnings has moved 3.3% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, FIGS has gained about 9.8% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of -0.2% on a year-to-date basis. This shows that Figs is outperforming its peers so far this year.
One other Retail-Wholesale stock that has outperformed the sector so far this year is Tapestry (TPR). The stock is up 25.6% year-to-date.
In Tapestry's case, the consensus EPS estimate for the current year increased 14.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Figs is a member of the Retail - Apparel and Shoes industry, which includes 38 individual companies and currently sits at #30 in the Zacks Industry Rank. This group has gained an average of 8% so far this year, so FIGS is performing better in this area. Tapestry is also part of the same industry.
Figs and Tapestry could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
FIGS, Inc. (FIGS): Free Stock Analysis Report Tapestry, Inc. (TPR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
