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Is Stitch Fix (SFIX) Stock Outpacing Its Retail-Wholesale Peers This Year?
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Investors focused on the Retail-Wholesale space have likely heard of Stitch Fix (SFIX - 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.
Stitch Fix is a member of the Retail-Wholesale sector. This group includes 218 individual stocks and currently holds a Zacks Sector Rank of #5. 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. SFIX is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SFIX's full-year earnings has moved 20.65% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, SFIX has moved about 53.01% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 12%. This shows that Stitch Fix is outperforming its peers so far this year.
Looking more specifically, SFIX belongs to the Retail - Apparel and Shoes industry, which includes 42 individual stocks and currently sits at #43 in the Zacks Industry Rank. Stocks in this group have gained about 6.86% so far this year, so SFIX is performing better this group in terms of year-to-date returns.
SFIX will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.
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Is Stitch Fix (SFIX) Stock Outpacing Its Retail-Wholesale Peers This Year?
Investors focused on the Retail-Wholesale space have likely heard of Stitch Fix (SFIX - 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.
Stitch Fix is a member of the Retail-Wholesale sector. This group includes 218 individual stocks and currently holds a Zacks Sector Rank of #5. 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. SFIX is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SFIX's full-year earnings has moved 20.65% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, SFIX has moved about 53.01% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 12%. This shows that Stitch Fix is outperforming its peers so far this year.
Looking more specifically, SFIX belongs to the Retail - Apparel and Shoes industry, which includes 42 individual stocks and currently sits at #43 in the Zacks Industry Rank. Stocks in this group have gained about 6.86% so far this year, so SFIX is performing better this group in terms of year-to-date returns.
SFIX will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.