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Has Macy's (M) Outpaced Other Retail-Wholesale Stocks This Year?

Zacks Equity Research
Updated
BOJA vs. SBUX: Which Stock Is the Better Value Option?

Investors focused on the Retail-Wholesale space have likely heard of Macy's (M), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of M and the rest of the Retail-Wholesale group's stocks.

Macy's is a member of our Retail-Wholesale group, which includes 214 different companies and currently sits at #2 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 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. M is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for M's full-year earnings has moved 6.48% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

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Our latest available data shows that M has returned about 47.16% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of 15.22%. This means that Macy's is performing better than its sector in terms of year-to-date returns.

Looking more specifically, M belongs to the Retail - Regional Department Stores industry, which includes 5 individual stocks and currently sits at #8 in the Zacks Industry Rank. This group has gained an average of 37.11% so far this year, so M is performing better in this area.

Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to M as it looks to continue its solid performance.


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Zacks Investment Research