Investors focused on the Retail-Wholesale space have likely heard of Shoe Carnival (SCVL), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of SCVL and the rest of the Retail-Wholesale group’s stocks.
Shoe Carnival is one of 226 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #6 within 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 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. SCVL is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for SCVL’s full-year earnings has moved 10.19% higher. This signals that analyst sentiment is improving and the stock’s earnings outlook is more positive.
Our latest available data shows that SCVL has returned about 21.50% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of -2.42%. This shows that Shoe Carnival is outperforming its peers so far this year.
Looking more specifically, SCVL belongs to the Retail – Apparel and Shoes industry, a group that includes 41 individual stocks and currently sits at #48 in the Zacks Industry Rank. This group has lost an average of 19.03% so far this year, so SCVL is performing better in this area.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to SCVL as it looks to continue its solid performance.
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