Investors interested in Retail-Wholesale shares should always look for the best performing companies in the group. Sally Beauty Holdings (SBH – Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to those of the industry as a whole? A simple way to answer this question is to take a look at the year-to-date performance of SBH and the rest of the shares in the Retail-Wholesale group.
Sally Beauty Holdings is a member of the Retail-Wholesale sector. This group consists of 211 individual stocks and currently holds a Zacks sector rank of # 2. The Zacks Sector Rankings consider 16 different groups, measuring the average Zacks Rank of individual stocks within the sector to gauge the strength of each group.
Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings prospects. This system has a long history of success, and these stocks tend to be on track to beat the market over the next one to three months. SBH currently sports a Zacks rank of # 1 (strong buy).
Zacks’ consensus estimate for SBH’s annual profit rose 37.05% in the last quarter. This means that analysts’ sentiment is stronger and the stock’s earnings outlook is improving.
Based on the most recent data, SBH has reported 57.59% so far this year. Meanwhile, the shares of the Retail-Wholesale group lost around 2.27% on average. This means Sally Beauty Holdings is outperforming the industry as a whole this year.
To break things down further, SBH is a member of the Retail – Miscellaneous industry, which consists of 19 sole proprietorships and currently ranks 47th in the Zacks industry rankings. This group has lost an average of 12.40% so far this year, so SBH is performing better in this area.
Investors interested in retail and wholesale stocks should continue to follow SBH. The title will look to continue its strong performance.