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Is Fossil Group (FOSL) Stock Outpacing Its Retail-Wholesale Peers This Year?
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The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Fossil Group (FOSL - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Fossil Group is a member of our Retail-Wholesale group, which includes 190 different companies and currently sits at #5 in the Zacks Sector Rank. 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. Fossil Group is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for FOSL's full-year earnings has moved 73.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that FOSL has returned about 37% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 0.9%. As we can see, Fossil Group is performing better than its sector in the calendar year.
One other Retail-Wholesale stock that has outperformed the sector so far this year is Genesco (GCO - Free Report) . The stock is up 44.6% year-to-date.
For Genesco, the consensus EPS estimate for the current year has increased 4.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Fossil Group belongs to the Retail - Apparel and Shoes industry, a group that includes 39 individual companies and currently sits at #65 in the Zacks Industry Rank. On average, stocks in this group have lost 14.5% this year, meaning that FOSL is performing better in terms of year-to-date returns. Genesco is also part of the same industry.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to Fossil Group and Genesco as they could maintain their solid performance.
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Is Fossil Group (FOSL) Stock Outpacing Its Retail-Wholesale Peers This Year?
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Fossil Group (FOSL - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Fossil Group is a member of our Retail-Wholesale group, which includes 190 different companies and currently sits at #5 in the Zacks Sector Rank. 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. Fossil Group is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for FOSL's full-year earnings has moved 73.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that FOSL has returned about 37% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 0.9%. As we can see, Fossil Group is performing better than its sector in the calendar year.
One other Retail-Wholesale stock that has outperformed the sector so far this year is Genesco (GCO - Free Report) . The stock is up 44.6% year-to-date.
For Genesco, the consensus EPS estimate for the current year has increased 4.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Fossil Group belongs to the Retail - Apparel and Shoes industry, a group that includes 39 individual companies and currently sits at #65 in the Zacks Industry Rank. On average, stocks in this group have lost 14.5% this year, meaning that FOSL is performing better in terms of year-to-date returns. Genesco is also part of the same industry.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to Fossil Group and Genesco as they could maintain their solid performance.