Investors focused on the Retail-Wholesale space have probably heard of Macy’s (M – Free Report), but does the stock fare well compared to the rest of its industry peers? Looking at the stock’s performance since the start of the year relative to its retail and wholesale peers, we might be able to answer this question.
Macy’s is a member of the Retail-Wholesale sector. This group consists of 219 individual stocks and currently holds a No.1 Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks rank of individual stocks within the sector to gauge the strength of each group.
Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that display the right characteristics to beat the market over the next one to three months. M currently has a Zacks rank of # 1 (strong buy).
Zacks’ consensus estimate for M’s annual profit rose 73.99% in the last quarter. This indicates that analyst sentiment is improving and the stock’s earnings outlook is more positive.
Our latest available data shows that M is back about 113.69% since the start of the calendar year. Meanwhile, the shares of the Retail-Wholesale group lost around 6.36% on average. This means Macy’s has outperformed its industry in terms of returns since the start of the year.
To break it down further, M belongs to the Retail – Regional Department Stores industry, a group that includes 3 sole proprietorships and currently sits at No.1 in the Zacks industry rankings. This group has gained an average of 70.05% so far this year, so M is performing better in this area.
Investors interested in retail and wholesale stocks should continue to follow Mr. The stock will look to continue its strong performance.