Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has PC Connection (CNXN) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
PC Connection is a member of the Retail-Wholesale sector. This group includes 190 individual stocks and currently holds a Zacks Sector Rank of #5. 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 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. PC Connection is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CNXN's full-year earnings has moved 6.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CNXN has gained about 48.7% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of -1.4% on a year-to-date basis. This shows that PC Connection is outperforming its peers so far this year.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Five Below (FIVE). The stock has returned 25.4% year-to-date.
The consensus estimate for Five Below's current year EPS has increased 16.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, PC Connection belongs to the Retail - Computer Hardware industry, a group that includes 1 individual stocks and currently sits at #1 in the Zacks Industry Rank. On average, stocks in this group have gained 48.7% this year, meaning that CNXN is performing on par in terms of year-to-date returns.
In contrast, Five Below falls under the Retail - Miscellaneous industry. Currently, this industry has 14 stocks and is ranked #92. Since the beginning of the year, the industry has moved -19.3%.
Investors with an interest in Retail-Wholesale stocks should continue to track PC Connection and Five Below. These stocks will be looking to continue their solid performance.
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PC Connection, Inc. (CNXN): Free Stock Analysis Report
Five Below, Inc. (FIVE): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).