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For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Lowe's Companies (LOW) 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? 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.
Lowe's Companies is a member of our Retail-Wholesale group, which includes 219 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. LOW is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for LOW's full-year earnings has moved 4.12% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, LOW has returned 44.39% so far this year. In comparison, Retail-Wholesale companies have returned an average of -4.51%. As we can see, Lowe's Companies is performing better than its sector in the calendar year.
Looking more specifically, LOW belongs to the Building Products - Retail industry, which includes 9 individual stocks and currently sits at #23 in the Zacks Industry Rank. On average, this group has gained an average of 37.16% so far this year, meaning that LOW is performing better in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track LOW. The stock will be looking to continue its solid performance.
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Lowe's Companies, Inc. (LOW) : Free Stock Analysis Report
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