The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Nordstrom (JWN – Free Report) one of those stocks right now? 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.
Nordstrom is a member of our Retail-Wholesale group, which includes 214 different companies and currently sits at #13 in the Zacks Sector Rank. 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 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. Nordstrom is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for JWN’s full-year earnings has moved 7.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, JWN has returned 1.2% so far this year. Meanwhile, stocks in the Retail-Wholesale group have lost about 1.2% on average. This means that Nordstrom is outperforming the sector as a whole this year.
Zalando (ZLNDY – Free Report) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 4.8%.
In Zalando’s case, the consensus EPS estimate for the current year increased 5.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Nordstrom is a member of the Retail – Apparel and Shoes industry, which includes 42 individual companies and currently sits at #181 in the Zacks Industry Rank. This group has lost an average of 20.9% so far this year, so JWN is performing better in this area. Zalando is also part of the same industry.
Investors with an interest in Retail-Wholesale stocks should continue to track Nordstrom and Zalando. These stocks will be looking to continue their solid performance.
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