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Is Stitch Fix (SFIX) Stock Outpacing Its Retail-Wholesale Peers This Year?
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Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Stitch Fix (SFIX - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
Stitch Fix is one of 214 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #2 within the Zacks Sector Rank. 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. SFIX is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for SFIX's full-year earnings has moved 48.17% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, SFIX has moved about 27.88% on a year-to-date basis. At the same time, Retail-Wholesale stocks have gained an average of 14.19%. As we can see, Stitch Fix is performing better than its sector in the calendar year.
Looking more specifically, SFIX belongs to the Retail - Apparel and Shoes industry, a group that includes 33 individual stocks and currently sits at #36 in the Zacks Industry Rank. This group has gained an average of 1.71% so far this year, so SFIX is performing better in this area.
Investors with an interest in Retail-Wholesale stocks should continue to track SFIX. The stock will be looking to continue its solid performance.
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Is Stitch Fix (SFIX) Stock Outpacing Its Retail-Wholesale Peers This Year?
Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Stitch Fix (SFIX - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
Stitch Fix is one of 214 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #2 within the Zacks Sector Rank. 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. SFIX is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for SFIX's full-year earnings has moved 48.17% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, SFIX has moved about 27.88% on a year-to-date basis. At the same time, Retail-Wholesale stocks have gained an average of 14.19%. As we can see, Stitch Fix is performing better than its sector in the calendar year.
Looking more specifically, SFIX belongs to the Retail - Apparel and Shoes industry, a group that includes 33 individual stocks and currently sits at #36 in the Zacks Industry Rank. This group has gained an average of 1.71% so far this year, so SFIX is performing better in this area.
Investors with an interest in Retail-Wholesale stocks should continue to track SFIX. The stock will be looking to continue its solid performance.