Is Hibbett Sports (HIBB) Outperforming Other Retail-Wholesale Stocks This Year?
Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Hibbett Sports (HIBB) 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? One simple way to answer this question is to take a look at the year-to-date performance of HIBB and the rest of the Retail-Wholesale group's stocks.
Hibbett Sports is a member of the Retail-Wholesale sector. This group includes 224 individual stocks and currently holds a Zacks Sector Rank of #6. 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. HIBB is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for HIBB's full-year earnings has moved 6.96% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, HIBB has returned 60.21% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 17.56%. As we can see, Hibbett Sports is performing better than its sector in the calendar year.
To break things down more, HIBB belongs to the Retail - Miscellaneous industry, a group that includes 16 individual companies and currently sits at #53 in the Zacks Industry Rank. This group has gained an average of 8.01% so far this year, so HIBB is performing better in this area.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to HIBB as it looks to continue its solid performance.
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