Investors focused on the Retail-Wholesale space have likely heard of Burlington Stores (BURL), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Burlington Stores is a member of our Retail-Wholesale group, which includes 214 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. BURL is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for BURL's full-year earnings has moved 1.88% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, BURL has returned 34.11% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 18.88% on average. This means that Burlington Stores is performing better than its sector in terms of year-to-date returns.
To break things down more, BURL belongs to the Retail - Discount Stores industry, a group that includes 11 individual companies and currently sits at #46 in the Zacks Industry Rank. On average, stocks in this group have gained 22.97% this year, meaning that BURL is performing better in terms of year-to-date returns.
BURL will likely be looking to continue its solid performance, so investors interested Retail-Wholesale stocks should continue to pay close attention to the company.
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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.