Is Urban Outfitters (URBN) Stock Outpacing Its Retail-Wholesale Peers This Year?

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Urban Outfitters (URBN) one of those stocks right now? 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.Urban Outfitters is a member of the Retail-Wholesale sector. This group includes 197 individual stocks and currently holds a Zacks Sector Rank of #9. 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 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. Urban Outfitters is currently sporting a Zacks Rank of #2 (Buy).Over the past 90 days, the Zacks Consensus Estimate for URBN's full-year earnings has moved 2.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Our latest available data shows that URBN has returned about 38.3% since the start of the calendar year. Meanwhile, stocks in the Retail-Wholesale group have gained about 6.8% on average. This means that Urban Outfitters is outperforming the sector as a whole this year.Another stock in the Retail-Wholesale sector, Signet (SIG), has outperformed the sector so far this year. The stock's year-to-date return is 8.2%.For Signet, the consensus EPS estimate for the current year has increased 1.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).To break things down more, Urban Outfitters belongs to the Retail - Apparel and Shoes industry, a group that includes 39 individual companies and currently sits at #55 in the Zacks Industry Rank. On average, stocks in this group have lost 3.7% this year, meaning that URBN is performing better in terms of year-to-date returns. Signet, however, belongs to the Retail - Jewelry industry. Currently, this 6-stock industry is ranked #100. The industry has moved +4% so far this year.Investors interested in the Retail-Wholesale sector may want to keep a close eye on Urban Outfitters and Signet as they attempt to continue their solid performance.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Urban Outfitters, Inc. (URBN): Free Stock Analysis Report Signet Jewelers Limited (SIG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks