Has Foot Locker (FL) Outpaced Other Retail-Wholesale Stocks This Year?
Investors focused on the Retail-Wholesale space have likely heard of Foot Locker (FL), but is the stock performing well in comparison to the rest of its sector peers? 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.
Foot Locker is a member of the Retail-Wholesale sector. This group includes 223 individual stocks and currently holds a Zacks Sector Rank of #9. 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. FL is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for FL's full-year earnings has moved 6.63% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that FL has returned about 18.46% since the start of the calendar year. Meanwhile, stocks in the Retail-Wholesale group have gained about 17.27% on average. This means that Foot Locker is performing better than its sector in terms of year-to-date returns.
Looking more specifically, FL belongs to the Retail - Apparel and Shoes industry, which includes 43 individual stocks and currently sits at #81 in the Zacks Industry Rank. Stocks in this group have gained about 6.82% so far this year, so FL is performing better this group in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track FL. The stock will be looking to continue its solid performance.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.