Has FIGS (FIGS) Outpaced Other Retail-Wholesale Stocks 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. Has Figs (FIGS) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Figs is a member of the Retail-Wholesale sector. This group includes 187 individual stocks and currently holds a Zacks Sector Rank of #9. 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. Figs is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for FIGS' full-year earnings has moved 3.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that FIGS has returned about 26.7% since the start of the calendar year. Meanwhile, the Retail-Wholesale sector has returned an average of 7.8% on a year-to-date basis. This means that Figs is performing better than its sector in terms of year-to-date returns.

Another stock in the Retail-Wholesale sector, Dick's Sporting Goods (DKS), has outperformed the sector so far this year. The stock's year-to-date return is 8.2%.

The consensus estimate for Dick's Sporting Goods' current year EPS has increased 0% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Figs belongs to the Retail - Apparel and Shoes industry, a group that includes 38 individual stocks and currently sits at #101 in the Zacks Industry Rank. On average, this group has gained an average of 1.2% so far this year, meaning that FIGS is performing better in terms of year-to-date returns.

On the other hand, Dick's Sporting Goods belongs to the Retail - Miscellaneous industry. This 13-stock industry is currently ranked #97. The industry has moved -8.1% year to date.

Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to Figs and Dick's Sporting Goods as they could maintain their solid performance.

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This article originally published on Zacks Investment Research (zacks.com).

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