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Is lululemon athletica (LULU) Outperforming Other Consumer Discretionary Stocks This Year?
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The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has lululemon athletica (LULU - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
lululemon athletica is a member of the Consumer Discretionary sector. This group includes 244 individual stocks and currently holds a Zacks Sector Rank of #6. 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 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. LULU is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for LULU's full-year earnings has moved 6.19% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, LULU has moved about 42.71% on a year-to-date basis. In comparison, Consumer Discretionary companies have returned an average of 16.47%. This means that lululemon athletica is outperforming the sector as a whole this year.
Looking more specifically, LULU belongs to the Textile - Apparel industry, a group that includes 21 individual stocks and currently sits at #164 in the Zacks Industry Rank. On average, this group has gained an average of 21.45% so far this year, meaning that LULU is performing better in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on LULU as it attempts to continue its solid performance.
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Is lululemon athletica (LULU) Outperforming Other Consumer Discretionary Stocks This Year?
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has lululemon athletica (LULU - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
lululemon athletica is a member of the Consumer Discretionary sector. This group includes 244 individual stocks and currently holds a Zacks Sector Rank of #6. 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 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. LULU is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for LULU's full-year earnings has moved 6.19% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, LULU has moved about 42.71% on a year-to-date basis. In comparison, Consumer Discretionary companies have returned an average of 16.47%. This means that lululemon athletica is outperforming the sector as a whole this year.
Looking more specifically, LULU belongs to the Textile - Apparel industry, a group that includes 21 individual stocks and currently sits at #164 in the Zacks Industry Rank. On average, this group has gained an average of 21.45% so far this year, meaning that LULU is performing better in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on LULU as it attempts to continue its solid performance.