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Has Boot Barn Holdings (BOOT) Outpaced Other Retail-Wholesale Stocks This Year?
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Investors focused on the Retail-Wholesale space have likely heard of Boot Barn Holdings (BOOT - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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 Holdings is a member of the Retail-Wholesale sector. This group includes 155 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. BOOT 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 6.04% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that BOOT has returned about 67.31% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of 6.44%. This shows that Boot Barn Holdings is outperforming its peers so far this year.
To break things down more, BOOT belongs to the Retail - Apparel and Shoes industry, a group that includes 11 individual companies and currently sits at #61 in the Zacks Industry Rank. On average, this group has lost an average of 5.81% so far this year, meaning that BOOT is performing better in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on BOOT as it attempts to continue its solid performance.
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Has Boot Barn Holdings (BOOT) Outpaced Other Retail-Wholesale Stocks This Year?
Investors focused on the Retail-Wholesale space have likely heard of Boot Barn Holdings (BOOT - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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 Holdings is a member of the Retail-Wholesale sector. This group includes 155 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. BOOT 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 6.04% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that BOOT has returned about 67.31% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of 6.44%. This shows that Boot Barn Holdings is outperforming its peers so far this year.
To break things down more, BOOT belongs to the Retail - Apparel and Shoes industry, a group that includes 11 individual companies and currently sits at #61 in the Zacks Industry Rank. On average, this group has lost an average of 5.81% so far this year, meaning that BOOT is performing better in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on BOOT as it attempts to continue its solid performance.