Here is how Tapestry (TPR) and Wal-Mart de Mexico SAB de CV (WMMVY) have performed compared to their sector so far this year.
For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Tapestry (TPR) 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? 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.
Tapestry is a member of our Retail-Wholesale group, which includes 186 different companies and currently sits at #11 in the Zacks Sector Rank. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Tapestry is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for TPR's full-year earnings has moved 15.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, TPR has moved about 13% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of -3.2%. This shows that Tapestry is outperforming its peers so far this year.
Another stock in the Retail-Wholesale sector, Wal-Mart de Mexico SAB de CV (WMMVY), has outperformed the sector so far this year. The stock's year-to-date return is 6.4%.
Over the past three months, Wal-Mart de Mexico SAB de CV's consensus EPS estimate for the current year has increased 1.7%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Tapestry is a member of the Retail - Apparel and Shoes industry, which includes 39 individual companies and currently sits at #60 in the Zacks Industry Rank. On average, this group has lost an average of 9.1% so far this year, meaning that TPR is performing better in terms of year-to-date returns.
On the other hand, Wal-Mart de Mexico SAB de CV belongs to the Retail - Supermarkets industry. This 9-stock industry is currently ranked #54. The industry has moved +12% year to date.
Tapestry and Wal-Mart de Mexico SAB de CV could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.
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