Is Buckle, Inc. The (BKE) Outperforming Other Retail-Wholesale Stocks 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. Is Buckle, Inc. The (BKE) 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.
Buckle, Inc. The is one of 213 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #2 within 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BKE is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for BKE's full-year earnings has moved 13.07% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, BKE has returned 36.54% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of -2.81% on a year-to-date basis. This shows that Buckle, Inc. The is outperforming its peers so far this year.
Breaking things down more, BKE is a member of the Retail - Apparel and Shoes industry, which includes 38 individual companies and currently sits at #50 in the Zacks Industry Rank. Stocks in this group have gained about 10.40% so far this year, so BKE is performing better this group in terms of year-to-date returns.
BKE will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.
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