Is Hibbett Sports (HIBB) Outperforming Other Retail-Wholesale Stocks This Year?
Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Hibbett Sports (HIBB) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of HIBB and the rest of the Retail-Wholesale group's stocks.
Hibbett Sports is a member of the Retail-Wholesale sector. This group includes 224 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. HIBB is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for HIBB's full-year earnings has moved 7.22% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, HIBB has returned 25.52% so far this year. In comparison, Retail-Wholesale companies have returned an average of 22.80%. This means that Hibbett Sports is outperforming the sector as a whole this year.
To break things down more, HIBB belongs to the Retail - Miscellaneous industry, a group that includes 16 individual companies and currently sits at #79 in the Zacks Industry Rank. Stocks in this group have gained about 9.25% so far this year, so HIBB is performing better this group in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on HIBB as it attempts to continue its solid performance.
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