For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Chewy (CHWY) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. Chewy is one of 210 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #11 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Chewy is currently sporting a Zacks Rank of #2 (Buy). Within the past quarter, the Zacks Consensus Estimate for CHWY's full-year earnings has moved 0.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving. According to our latest data, CHWY has moved about 11.1% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of -3.5% on a year-to-date basis. As we can see, Chewy is performing better than its sector in the calendar year. One other Retail-Wholesale stock that has outperformed the sector so far this year is Industria de Diseno Textil SA (IDEXY). The stock is up 7.5% year-to-date. The consensus estimate for Industria de Diseno Textil SA's current year EPS has increased 3.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, Chewy belongs to the Internet - Commerce industry, which includes 37 individual stocks and currently sits at #61 in the Zacks Industry Rank. This group has lost an average of 6.4% so far this year, so CHWY is performing better in this area. Industria de Diseno Textil SA, however, belongs to the Retail - Apparel and Shoes industry. Currently, this 42-stock industry is ranked #153. The industry has moved -23.1% so far this year. Investors interested in the Retail-Wholesale sector may want to keep a close eye on Chewy and Industria de Diseno Textil SA as they attempt to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chewy (CHWY):Free Stock Analysis Report Industria de Diseno Textil SA (IDEXY):Free Stock Analysis Report Story Continues This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research View Comments
Has Chewy (CHWY) Outpaced Other Retail-Wholesale Stocks This Year?
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