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 Etsy (ETSY) one of those stocks right now? 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.
Etsy is one of 187 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Etsy is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ETSY's full-year earnings has moved 3.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, ETSY has gained about 45.5% so far this year. In comparison, Retail-Wholesale companies have returned an average of 5.2%. This means that Etsy is outperforming the sector as a whole this year.
Macy's (M) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 8.1%.
The consensus estimate for Macy's' current year EPS has increased 4.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Etsy belongs to the Internet - Commerce industry, which includes 35 individual stocks and currently sits at #102 in the Zacks Industry Rank. Stocks in this group have gained about 7.5% so far this year, so ETSY is performing better this group in terms of year-to-date returns.
On the other hand, Macy's belongs to the Retail - Regional Department Stores industry. This 4-stock industry is currently ranked #35. The industry has moved +3% year to date.
Investors with an interest in Retail-Wholesale stocks should continue to track Etsy and Macy's. These stocks will be looking to continue their solid performance.
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