Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Urban Outfitters (URBN) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
Urban Outfitters is a member of the Retail-Wholesale sector. This group includes 214 individual stocks and currently holds a Zacks Sector Rank of #7. 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 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. URBN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for URBN's full-year earnings has moved 8.36% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that URBN has returned about 29.52% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 18.47%. This means that Urban Outfitters is outperforming the sector as a whole this year.
To break things down more, URBN belongs to the Retail - Apparel and Shoes industry, a group that includes 33 individual companies and currently sits at #68 in the Zacks Industry Rank. Stocks in this group have gained about 7.03% so far this year, so URBN 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 URBN as it attempts to continue its solid performance.