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Has Shoe Carnival (SCVL) Outpaced Other Retail-Wholesale Stocks This Year?

Zacks

Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has Shoe Carnival (SCVL) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Shoe Carnival is one of 227 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #9 within 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 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. SCVL is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for SCVL's full-year earnings has moved 10.19% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

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Our latest available data shows that SCVL has returned about 44.45% since the start of the calendar year. Meanwhile, stocks in the Retail-Wholesale group have gained about 10.33% on average. As we can see, Shoe Carnival is performing better than its sector in the calendar year.

Breaking things down more, SCVL is a member of the Retail - Apparel and Shoes industry, which includes 41 individual companies and currently sits at #96 in the Zacks Industry Rank. On average, stocks in this group have lost 3.70% this year, meaning that SCVL is performing better 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.


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Zacks Investment Research