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Is Stitch Fix (SFIX) Outperforming Other Retail-Wholesale Stocks This Year?
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For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. 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 225 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #7 in 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 37.84% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, SFIX has returned 56.88% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 18.41% on average. 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 42 individual stocks and currently sits at #94 in the Zacks Industry Rank. On average, this group has gained an average of 3.82% so far this year, meaning that SFIX is performing better in terms of year-to-date returns.
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) Outperforming Other Retail-Wholesale Stocks This Year?
For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. 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 225 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #7 in 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 37.84% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, SFIX has returned 56.88% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 18.41% on average. 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 42 individual stocks and currently sits at #94 in the Zacks Industry Rank. On average, this group has gained an average of 3.82% so far this year, meaning that SFIX is performing better in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track SFIX. The stock will be looking to continue its solid performance.