The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Cracker Barrel Old Country Store (CBRL) 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.
Cracker Barrel Old Country Store is one of 183 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Cracker Barrel Old Country Store is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CBRL's full-year earnings has moved 30.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, CBRL has moved about 185.2% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of -0.5% on a year-to-date basis. This means that Cracker Barrel Old Country Store is outperforming the sector as a whole this year.
ASOS PLS (ASOMY) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 56.8%.
In ASOS PLS' case, the consensus EPS estimate for the current year increased 10.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Cracker Barrel Old Country Store is a member of the Retail - Restaurants industry, which includes 37 individual companies and currently sits at #147 in the Zacks Industry Rank. This group has lost an average of 5.2% so far this year, so CBRL is performing better in this area.
In contrast, ASOS PLS falls under the Retail - Apparel and Shoes industry. Currently, this industry has 38 stocks and is ranked #165. Since the beginning of the year, the industry has moved -8.9%.
Investors with an interest in Retail-Wholesale stocks should continue to track Cracker Barrel Old Country Store and ASOS PLS. These stocks will be looking to continue their solid performance.
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Cracker Barrel Old Country Store, Inc. (CBRL): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).