Will Signet (SIG) stock outperform its retail and wholesale competitors this year?


F.or those looking for strong retail and wholesale stocks, it is wise to look for companies in the group that outperform their competitors. Is Signet (SIG) one of those stocks right now? A quick look at the company’s annual performance versus the rest of the retail-wholesale sector should help us answer that question.

Signet is a member of our retail wholesale group, which comprises 220 different companies and is currently number 2 in the Zacks sector. The Zacks Sector Rank comprises 16 different groups and is listed in order from best to worst in relation to the average Zacks Rank of each company in each of these sectors.

The Zacks rank is a successful stock selection model that emphasizes earnings estimates and valuation revisions. The system highlights a number of different stocks that could outperform the broader market over the next one to three months. Signet currently has a Zacks rank of # 1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for SIG’s full year profit has increased 20%. This means that it will bolster the sentiment of analysts and improve the stock’s earnings outlook.

Our latest available data shows that SIG is down around 216.6% since the start of the calendar year. Meanwhile, the retail and wholesale sectors posted an average return of -7.2% year-to-date. With this, Signet outperforms the entire sector this year.

Another retail and wholesale stock that has outperformed the sector so far this year is Tecnoglass (TGLS). The stock is up 278.4% since the beginning of the year.

For Tecnoglass, the consensus EPS estimate for the current year has increased by 6.1% in the last three months. The stock currently ranks # 1 in Zacks (strong buy).

More specifically, Signet is part of the retail jewelry industry, a group that includes 5 individual stocks and currently ranks 5th on the Zacks industry rankings. On average, stocks in this group have gained 77.6% this year, meaning SIG has outperformed year-to-date in terms of returns.

In contrast, Tecnoglass falls under the Construction Products – Retail sector. This industry currently has 9 stocks and is in 4th place. Since the beginning of the year, the industry has moved + 52.3%.

Going forward, investors interested in retail and wholesale stocks should continue to pay close attention to Signet and Tecnoglass as they can maintain their solid performance.

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.


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