Is Lowes Companies (LOW) Outperforming Other Retail-Wholesale Stocks This Year?
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Lowes Companies (LOW) been one of those stocks this year? 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.
Lowes Companies is one of 204 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #6 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 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. LOW is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for LOW's full-year earnings has moved 2.26% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, LOW has gained about 6.39% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 1.38% on a year-to-date basis. This means that Lowes Companies is outperforming the sector as a whole this year.
Looking more specifically, LOW belongs to the Building Products - Retail industry, which includes 9 individual stocks and currently sits at #44 in the Zacks Industry Rank. This group has gained an average of 3.91% so far this year, so LOW is performing better in this area.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to LOW as it looks to continue its solid performance.
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