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Is lululemon athletica (LULU) Stock Outpacing Its Consumer Discretionary Peers This Year?
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For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. lululemon athletica (LULU - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 one of 258 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #12 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. LULU is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for LULU's full-year earnings has moved 11.17% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that LULU has returned about 76.49% since the start of the calendar year. Meanwhile, stocks in the Consumer Discretionary group have lost about 1.86% on average. As we can see, lululemon athletica is performing better than its sector in the calendar year.
Looking more specifically, LULU belongs to the Textile - Apparel industry, which includes 21 individual stocks and currently sits at #34 in the Zacks Industry Rank. On average, stocks in this group have gained 16.78% this year, meaning that LULU is performing better in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to LULU as it looks to continue its solid performance.
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Is lululemon athletica (LULU) Stock Outpacing Its Consumer Discretionary Peers This Year?
For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. lululemon athletica (LULU - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 one of 258 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #12 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. LULU is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for LULU's full-year earnings has moved 11.17% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that LULU has returned about 76.49% since the start of the calendar year. Meanwhile, stocks in the Consumer Discretionary group have lost about 1.86% on average. As we can see, lululemon athletica is performing better than its sector in the calendar year.
Looking more specifically, LULU belongs to the Textile - Apparel industry, which includes 21 individual stocks and currently sits at #34 in the Zacks Industry Rank. On average, stocks in this group have gained 16.78% this year, meaning that LULU is performing better in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to LULU as it looks to continue its solid performance.