The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Hasbro (HAS) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.
Hasbro is a member of the Consumer Discretionary sector. This group includes 253 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Hasbro is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for HAS' full-year earnings has moved 15.4% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, HAS has moved about 46% on a year-to-date basis. Meanwhile, stocks in the Consumer Discretionary group have gained about 11.5% on average. This shows that Hasbro is outperforming its peers so far this year.
Ralph Lauren (RL) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 26.9%.
The consensus estimate for Ralph Lauren's current year EPS has increased 8.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Hasbro is a member of the Toys - Games - Hobbies industry, which includes 3 individual companies and currently sits at #104 in the Zacks Industry Rank. On average, this group has gained an average of 23.8% so far this year, meaning that HAS is performing better in terms of year-to-date returns.
Ralph Lauren, however, belongs to the Textile - Apparel industry. Currently, this 21-stock industry is ranked #96. The industry has moved -26.5% so far this year.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Hasbro and Ralph Lauren as they could maintain their solid performance.
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
Hasbro, Inc. (HAS): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
