Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Hasbro (HAS) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Hasbro is one of 264 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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 #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for HAS' full-year earnings has moved 2.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, HAS has moved about 48.2% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of 3% on a year-to-date basis. This shows that Hasbro is outperforming its peers so far this year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is Amer Sports, Inc. (AS). The stock is up 35.3% year-to-date.
Over the past three months, Amer Sports, Inc.'s consensus EPS estimate for the current year has increased 11.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Hasbro belongs to the Toys - Games - Hobbies industry, a group that includes 3 individual stocks and currently sits at #203 in the Zacks Industry Rank. On average, this group has gained an average of 24.4% so far this year, meaning that HAS is performing better in terms of year-to-date returns.
Amer Sports, Inc., however, belongs to the Leisure and Recreation Products industry. Currently, this 24-stock industry is ranked #106. The industry has moved -0% so far this year.
Hasbro and Amer Sports, Inc. could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.
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Hasbro, Inc. (HAS): Free Stock Analysis Report Amer Sports, Inc. (AS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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