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Are Consumer Discretionary Stocks Lagging Johnson Outdoors (JOUT) 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. Johnson Outdoor (JOUT - 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? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
Johnson Outdoor is one of 257 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #3 in 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 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. Johnson Outdoor is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for JOUT's full-year earnings has moved 9.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, JOUT has moved about 12% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of -8.1% on a year-to-date basis. This means that Johnson Outdoor is performing better than its sector in terms of year-to-date returns.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Kontoor Brands (KTB - Free Report) . The stock has returned 13.8% year-to-date.
For Kontoor Brands, the consensus EPS estimate for the current year has increased 11.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Johnson Outdoor belongs to the Leisure and Recreation Products industry, which includes 23 individual stocks and currently sits at #64 in the Zacks Industry Rank. On average, stocks in this group have lost 5.3% this year, meaning that JOUT is performing better in terms of year-to-date returns.
Kontoor Brands, however, belongs to the Textile - Apparel industry. Currently, this 21-stock industry is ranked #98. The industry has moved -7.2% so far this year.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Johnson Outdoor and Kontoor Brands as they attempt to continue their solid performance.
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Are Consumer Discretionary Stocks Lagging Johnson Outdoors (JOUT) 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. Johnson Outdoor (JOUT - 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? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
Johnson Outdoor is one of 257 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #3 in 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 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. Johnson Outdoor is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for JOUT's full-year earnings has moved 9.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, JOUT has moved about 12% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of -8.1% on a year-to-date basis. This means that Johnson Outdoor is performing better than its sector in terms of year-to-date returns.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Kontoor Brands (KTB - Free Report) . The stock has returned 13.8% year-to-date.
For Kontoor Brands, the consensus EPS estimate for the current year has increased 11.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Johnson Outdoor belongs to the Leisure and Recreation Products industry, which includes 23 individual stocks and currently sits at #64 in the Zacks Industry Rank. On average, stocks in this group have lost 5.3% this year, meaning that JOUT is performing better in terms of year-to-date returns.
Kontoor Brands, however, belongs to the Textile - Apparel industry. Currently, this 21-stock industry is ranked #98. The industry has moved -7.2% so far this year.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Johnson Outdoor and Kontoor Brands as they attempt to continue their solid performance.