The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Boot Barn (BOOT) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Boot Barn is a member of the Retail-Wholesale sector. This group includes 193 individual stocks and currently holds a Zacks Sector Rank of #7. 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 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 #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for BOOT's full-year earnings has moved 3.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, BOOT has gained about 6.8% so far this year. In comparison, Retail-Wholesale companies have returned an average of 2.8%. This means that Boot Barn is outperforming the sector as a whole this year.
One other Retail-Wholesale stock that has outperformed the sector so far this year is Carrefour SA (CRRFY). The stock is up 6.3% year-to-date.
In Carrefour SA's case, the consensus EPS estimate for the current year increased 1.3% over the past three months. The stock currently has a Zacks Rank #2 (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 #39 in the Zacks Industry Rank. On average, stocks in this group have gained 0.1% this year, meaning that BOOT is performing better in terms of year-to-date returns.
Carrefour SA, however, belongs to the Retail - Supermarkets industry. Currently, this 9-stock industry is ranked #63. The industry has moved +13.6% so far this year.
Boot Barn and Carrefour SA could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.
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Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report Carrefour SA (CRRFY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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