Investors focused on the Retail-Wholesale space have likely heard of Hibbett Sports (HIBB), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Hibbett Sports is one of 224 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. HIBB is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for HIBB's full-year earnings has moved 21.60% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, HIBB has gained about 45.73% so far this year. In comparison, Retail-Wholesale companies have returned an average of 14.71%. This means that Hibbett Sports is performing better than its sector in terms of year-to-date returns.
Looking more specifically, HIBB belongs to the Retail - Miscellaneous industry, which includes 17 individual stocks and currently sits at #72 in the Zacks Industry Rank. On average, this group has gained an average of 22.29% so far this year, meaning that HIBB is performing better in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track HIBB. The stock will be looking to continue its solid performance.
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Hibbett Sports, Inc. (HIBB) : Free Stock Analysis Report
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