Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Tapestry (TPR) 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.
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 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 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. Tapestry is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, 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.
Based on the latest available data, TPR has gained about 17.8% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 6%. This shows that Tapestry is outperforming its peers so far this year.
Tesco PLC (TSCDY) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 9.9%.
In Tesco PLC's case, the consensus EPS estimate for the current year increased 0.4% over the past three months. 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 #82 in the Zacks Industry Rank. On average, this group has lost an average of 1.4% so far this year, meaning that TPR is performing better in terms of year-to-date returns.
Tesco PLC, however, belongs to the Retail - Supermarkets industry. Currently, this 9-stock industry is ranked #75. The industry has moved +16.2% so far this year.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to Tapestry and Tesco PLC as they could maintain their solid performance.
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Tapestry, Inc. (TPR) : Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).
