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Are Retail-Wholesale Stocks Lagging Fossil Group (FOSL) This Year?
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For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Fossil Group (FOSL - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Fossil Group is a member of our Retail-Wholesale group, which includes 190 different companies and currently sits at #7 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. Fossil Group is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for FOSL's full-year earnings has moved 73.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, FOSL has gained about 64.1% so far this year. In comparison, Retail-Wholesale companies have returned an average of -3%. This means that Fossil Group is performing better than its sector in terms of year-to-date returns.
Genesco (GCO - Free Report) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 37.9%.
Over the past three months, Genesco's consensus EPS estimate for the current year has increased 4.4%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Fossil Group is a member of the Retail - Apparel and Shoes industry, which includes 39 individual companies and currently sits at #97 in the Zacks Industry Rank. This group has lost an average of 18.6% so far this year, so FOSL is performing better in this area. Genesco is also part of the same industry.
Fossil Group and Genesco could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.
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Are Retail-Wholesale Stocks Lagging Fossil Group (FOSL) This Year?
For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Fossil Group (FOSL - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Fossil Group is a member of our Retail-Wholesale group, which includes 190 different companies and currently sits at #7 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. Fossil Group is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for FOSL's full-year earnings has moved 73.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, FOSL has gained about 64.1% so far this year. In comparison, Retail-Wholesale companies have returned an average of -3%. This means that Fossil Group is performing better than its sector in terms of year-to-date returns.
Genesco (GCO - Free Report) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 37.9%.
Over the past three months, Genesco's consensus EPS estimate for the current year has increased 4.4%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Fossil Group is a member of the Retail - Apparel and Shoes industry, which includes 39 individual companies and currently sits at #97 in the Zacks Industry Rank. This group has lost an average of 18.6% so far this year, so FOSL is performing better in this area. Genesco is also part of the same industry.
Fossil Group and Genesco could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.