For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Zumiez (ZUMZ) 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.
Zumiez is a member of our Retail-Wholesale group, which includes 218 different companies and currently sits at #12 in 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 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. ZUMZ is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ZUMZ's full-year earnings has moved 3.55% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ZUMZ has moved about 22.07% on a year-to-date basis. At the same time, Retail-Wholesale stocks have gained an average of 14.77%. This means that Zumiez is performing better than its sector in terms of year-to-date returns.
Breaking things down more, ZUMZ is a member of the Retail - Apparel and Shoes industry, which includes 42 individual companies and currently sits at #151 in the Zacks Industry Rank. This group has gained an average of 6.86% so far this year, so ZUMZ is performing better in this area.
Investors in the Retail-Wholesale sector will want to keep a close eye on ZUMZ as it attempts to continue its solid performance.
Zumiez Inc. (ZUMZ): Free Stock Analysis Report
Original post