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Has Costco Wholesale (COST) Outpaced Other Retail-Wholesale Stocks This Year?
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The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Costco (COST - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Costco is a member of our Retail-Wholesale group, which includes 212 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Costco is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for COST's full-year earnings has moved 0.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, COST has moved about 34.4% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 20.9% on average. This means that Costco is outperforming the sector as a whole this year.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Deckers (DECK - Free Report) . The stock has returned 52.2% year-to-date.
The consensus estimate for Deckers' current year EPS has increased 4.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Costco belongs to the Retail - Discount Stores industry, a group that includes 9 individual stocks and currently sits at #74 in the Zacks Industry Rank. On average, this group has gained an average of 17.7% so far this year, meaning that COST is performing better in terms of year-to-date returns.
In contrast, Deckers falls under the Retail - Apparel and Shoes industry. Currently, this industry has 41 stocks and is ranked #90. Since the beginning of the year, the industry has moved +7.5%.
Costco and Deckers 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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Has Costco Wholesale (COST) Outpaced Other Retail-Wholesale Stocks This Year?
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Costco (COST - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Costco is a member of our Retail-Wholesale group, which includes 212 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Costco is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for COST's full-year earnings has moved 0.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, COST has moved about 34.4% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 20.9% on average. This means that Costco is outperforming the sector as a whole this year.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Deckers (DECK - Free Report) . The stock has returned 52.2% year-to-date.
The consensus estimate for Deckers' current year EPS has increased 4.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Costco belongs to the Retail - Discount Stores industry, a group that includes 9 individual stocks and currently sits at #74 in the Zacks Industry Rank. On average, this group has gained an average of 17.7% so far this year, meaning that COST is performing better in terms of year-to-date returns.
In contrast, Deckers falls under the Retail - Apparel and Shoes industry. Currently, this industry has 41 stocks and is ranked #90. Since the beginning of the year, the industry has moved +7.5%.
Costco and Deckers could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.