Investors focused on the Retail-Wholesale space have likely heard of Shoe Carnival (NYSE:CCL) (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 a member of our Retail-Wholesale group, which includes 222 different companies and currently sits at #7 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics 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 7.13% since the start of the calendar year. Meanwhile, stocks in the Retail-Wholesale group have gained about 2.15% on average. This means that Shoe Carnival is performing better than its sector in terms of year-to-date returns.
Breaking things down more, SCVL is a member of the Retail - Apparel and Shoes industry, which includes 42 individual companies and currently sits at #54 in the Zacks Industry Rank. Stocks in this group have gained about 1.67% so far this year, so SCVL is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to SCVL as it looks to continue its solid performance.
Shoe Carnival, Inc. (SCVL): Free Stock Analysis Report
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Zacks Investment Research