The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Boot Barn (BOOT) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Boot Barn is one of 195 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Boot Barn is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BOOT's full-year earnings has moved 8.8% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, BOOT has returned 27.9% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 6.4%. This means that Boot Barn is performing better than its sector in terms of year-to-date returns.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Figs (FIGS). The stock has returned 57.2% year-to-date.
Over the past three months, Figs' consensus EPS estimate for the current year has increased 66.7%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Boot Barn belongs to the Retail - Apparel and Shoes industry, a group that includes 38 individual companies and currently sits at #69 in the Zacks Industry Rank. On average, this group has lost an average of 8.3% so far this year, meaning that BOOT is performing better in terms of year-to-date returns. Figs is also part of the same industry.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on Boot Barn and Figs as they attempt to continue their solid performance.
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Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report FIGS, Inc. (FIGS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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