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Are Consumer Discretionary Stocks Lagging Kontoor Brands (KTB) 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. Kontoor Brands (KTB - 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.
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 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Kontoor Brands is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for KTB's full-year earnings has moved 1.2% higher. 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 5.9% since the start of the calendar year. At the same time, Consumer Discretionary stocks have lost an average of 15.2%. This means that Kontoor Brands is outperforming the sector as a whole this year.
Another stock in the Consumer Discretionary sector, Roku (ROKU - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 40.5%.
In Roku's case, the consensus EPS estimate for the current year increased 21% 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 23 individual companies and currently sits at #109 in the Zacks Industry Rank. On average, this group has lost an average of 10.3% so far this year, meaning that KTB is performing better in terms of year-to-date returns.
In contrast, Roku falls under the Broadcast Radio and Television industry. Currently, this industry has 17 stocks and is ranked #109. Since the beginning of the year, the industry has moved -20.2%.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Kontoor Brands and Roku as they attempt to continue their solid performance.
View the Zacks #1 Rank List
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Are Consumer Discretionary Stocks Lagging Kontoor Brands (KTB) 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. Kontoor Brands (KTB - 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.
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 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Kontoor Brands is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for KTB's full-year earnings has moved 1.2% higher. 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 5.9% since the start of the calendar year. At the same time, Consumer Discretionary stocks have lost an average of 15.2%. This means that Kontoor Brands is outperforming the sector as a whole this year.
Another stock in the Consumer Discretionary sector, Roku (ROKU - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 40.5%.
In Roku's case, the consensus EPS estimate for the current year increased 21% 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 23 individual companies and currently sits at #109 in the Zacks Industry Rank. On average, this group has lost an average of 10.3% so far this year, meaning that KTB is performing better in terms of year-to-date returns.
In contrast, Roku falls under the Broadcast Radio and Television industry. Currently, this industry has 17 stocks and is ranked #109. Since the beginning of the year, the industry has moved -20.2%.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Kontoor Brands and Roku as they attempt to continue their solid performance.