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Is Kontoor Brands (KTB) Stock Outpacing Its Consumer Discretionary Peers 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. 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 a member of our Consumer Discretionary group, which includes 261 different companies and currently sits at #14 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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 1.3% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that KTB has returned about 7.3% since the start of the calendar year. At the same time, Consumer Discretionary stocks have lost an average of 12.9%. This shows that Kontoor Brands is outperforming its peers so far this year.
Roku (ROKU - Free Report) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 42%.
Over the past three months, Roku's consensus EPS estimate for the current year has increased 18.2%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Kontoor Brands belongs to the Textile - Apparel industry, a group that includes 22 individual stocks and currently sits at #177 in the Zacks Industry Rank. On average, this group has lost an average of 10.1% so far this year, meaning that KTB is performing better in terms of year-to-date returns.
On the other hand, Roku belongs to the Broadcast Radio and Television industry. This 15-stock industry is currently ranked #159. The industry has moved -15.1% year to date.
Kontoor Brands and Roku could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.
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Is Kontoor Brands (KTB) Stock Outpacing Its Consumer Discretionary Peers 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. 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 a member of our Consumer Discretionary group, which includes 261 different companies and currently sits at #14 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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 1.3% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that KTB has returned about 7.3% since the start of the calendar year. At the same time, Consumer Discretionary stocks have lost an average of 12.9%. This shows that Kontoor Brands is outperforming its peers so far this year.
Roku (ROKU - Free Report) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 42%.
Over the past three months, Roku's consensus EPS estimate for the current year has increased 18.2%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Kontoor Brands belongs to the Textile - Apparel industry, a group that includes 22 individual stocks and currently sits at #177 in the Zacks Industry Rank. On average, this group has lost an average of 10.1% so far this year, meaning that KTB is performing better in terms of year-to-date returns.
On the other hand, Roku belongs to the Broadcast Radio and Television industry. This 15-stock industry is currently ranked #159. The industry has moved -15.1% year to date.
Kontoor Brands and Roku could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.