Investors focused on the Retail-Wholesale space have likely heard of Lowe's Companies (NYSE:LOW), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of LOW and the rest of the Retail-Wholesale group's stocks.
Lowe's Companies is a member of the Retail-Wholesale sector. This group includes 218 individual stocks and currently holds a Zacks Sector Rank of #8. 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. LOW is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for LOW's full-year earnings has moved 1.26% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, LOW has moved about 6.21% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 10.60% on average. This means that Lowe's Companies is performing better than its sector in terms of year-to-date returns.
Breaking things down more, LOW is a member of the Building Products - Retail industry, which includes 11 individual companies and currently sits at #95 in the Zacks Industry Rank. This group has gained an average of 8.77% so far this year, so LOW is slightly underperforming its industry in this area.
Investors with an interest in Retail-Wholesale stocks should continue to track LOW. The stock will be looking to continue its solid performance.
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Zacks Investment Research