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Are Consumer Discretionary Stocks Lagging Kontoor Brands (KTB) 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. Is Kontoor Brands (KTB - Free Report) one of those stocks right now? 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.
Kontoor Brands is one of 260 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #8 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. Kontoor Brands is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for KTB's full-year earnings has moved 0.3% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, KTB has moved about 26.3% on a year-to-date basis. At the same time, Consumer Discretionary stocks have lost an average of 7%. This shows that Kontoor Brands is outperforming its peers so far this year.
Another stock in the Consumer Discretionary sector, Lifetime Brands (LCUT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 134.7%.
For Lifetime Brands, the consensus EPS estimate for the current year has increased 90.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Kontoor Brands belongs to the Textile - Apparel industry, a group that includes 22 individual companies and currently sits at #187 in the Zacks Industry Rank. Stocks in this group have lost about 0.2% so far this year, so KTB is performing better this group in terms of year-to-date returns.
In contrast, Lifetime Brands falls under the Consumer Products - Discretionary industry. Currently, this industry has 28 stocks and is ranked #171. Since the beginning of the year, the industry has moved +15.2%.
Kontoor Brands and Lifetime Brands could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
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Are Consumer Discretionary Stocks Lagging Kontoor Brands (KTB) This Year?
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Kontoor Brands (KTB - Free Report) one of those stocks right now? 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.
Kontoor Brands is one of 260 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #8 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. Kontoor Brands is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for KTB's full-year earnings has moved 0.3% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, KTB has moved about 26.3% on a year-to-date basis. At the same time, Consumer Discretionary stocks have lost an average of 7%. This shows that Kontoor Brands is outperforming its peers so far this year.
Another stock in the Consumer Discretionary sector, Lifetime Brands (LCUT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 134.7%.
For Lifetime Brands, the consensus EPS estimate for the current year has increased 90.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Kontoor Brands belongs to the Textile - Apparel industry, a group that includes 22 individual companies and currently sits at #187 in the Zacks Industry Rank. Stocks in this group have lost about 0.2% so far this year, so KTB is performing better this group in terms of year-to-date returns.
In contrast, Lifetime Brands falls under the Consumer Products - Discretionary industry. Currently, this industry has 28 stocks and is ranked #171. Since the beginning of the year, the industry has moved +15.2%.
Kontoor Brands and Lifetime Brands could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.