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Has lululemon athletica (LULU) Outpaced Other Consumer Discretionary Stocks This Year?
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Investors focused on the Consumer Discretionary space have likely heard of lululemon athletica (LULU - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of LULU and the rest of the Consumer Discretionary group's stocks.
lululemon athletica is a member of the Consumer Discretionary sector. This group includes 242 individual stocks and currently holds a Zacks Sector Rank of #10. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. LULU is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for LULU's full-year earnings has moved 11.28% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that LULU has returned about 99.76% since the start of the calendar year. In comparison, Consumer Discretionary companies have returned an average of 7.33%. This shows that lululemon athletica is outperforming its peers so far this year.
Looking more specifically, LULU belongs to the Textile - Apparel industry, which includes 24 individual stocks and currently sits at #44 in the Zacks Industry Rank. On average, this group has gained an average of 27.21% so far this year, meaning that LULU is performing better in terms of year-to-date returns.
LULU will likely be looking to continue its solid performance, so investors interested Consumer Discretionary stocks should continue to pay close attention to the company.
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Has lululemon athletica (LULU) Outpaced Other Consumer Discretionary Stocks This Year?
Investors focused on the Consumer Discretionary space have likely heard of lululemon athletica (LULU - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of LULU and the rest of the Consumer Discretionary group's stocks.
lululemon athletica is a member of the Consumer Discretionary sector. This group includes 242 individual stocks and currently holds a Zacks Sector Rank of #10. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. LULU is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for LULU's full-year earnings has moved 11.28% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that LULU has returned about 99.76% since the start of the calendar year. In comparison, Consumer Discretionary companies have returned an average of 7.33%. This shows that lululemon athletica is outperforming its peers so far this year.
Looking more specifically, LULU belongs to the Textile - Apparel industry, which includes 24 individual stocks and currently sits at #44 in the Zacks Industry Rank. On average, this group has gained an average of 27.21% so far this year, meaning that LULU is performing better in terms of year-to-date returns.
LULU will likely be looking to continue its solid performance, so investors interested Consumer Discretionary stocks should continue to pay close attention to the company.