Has The Kroger (KR) Outpaced Other Retail-Wholesale Stocks This Year?
For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. The Kroger (KR) 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? One simple way to answer this question is to take a look at the year-to-date performance of KR and the rest of the Retail-Wholesale group’s stocks.
The Kroger is one of 214 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #2 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 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. KR is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for KR’s full-year earnings has moved 2.81% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that KR has returned about 2.19% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of 14.12%. This means that The Kroger is outperforming the sector as a whole this year.
Looking more specifically, KR belongs to the Retail – Supermarkets industry, which includes 10 individual stocks and currently sits at #243 in the Zacks Industry Rank. On average, this group has lost an average of 8.23% so far this year, meaning that KR is performing better in terms of year-to-date returns.
KR will likely be looking to continue its solid performance, so investors interested Retail-Wholesale stocks should continue to pay close attention to the company.
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The Kroger Co. (KR): Free Stock Analysis Report
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