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Is Chewy (CHWY) Outperforming Other Consumer Staples Stocks This Year?

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Investors focused on the Consumer Staples space have likely heard of Chewy (CHWY - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.

Chewy is a member of our Consumer Staples group, which includes 175 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. CHWY is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for CHWY's full-year earnings has moved 27.42% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, CHWY has moved about 106.62% on a year-to-date basis. Meanwhile, the Consumer Staples sector has returned an average of -0.65% on a year-to-date basis. This means that Chewy is outperforming the sector as a whole this year.

Looking more specifically, CHWY belongs to the Consumer Products - Staples industry, a group that includes 19 individual stocks and currently sits at #93 in the Zacks Industry Rank. Stocks in this group have lost about 7.16% so far this year, so CHWY is performing better this group in terms of year-to-date returns.

Investors with an interest in Consumer Staples stocks should continue to track CHWY. The stock will be looking to continue its solid performance.


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