Investors focused on the Consumer Discretionary space have likely heard of Rocky Brands (RCKY - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.
Rocky Brands is one of 246 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #11 within 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 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. RCKY is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for RCKY's full-year earnings has moved 7.14% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, RCKY has moved about 50.26% on a year-to-date basis. In comparison, Consumer Discretionary companies have returned an average of 2.85%. As we can see, Rocky Brands is performing better than its sector in the calendar year.
Breaking things down more, RCKY is a member of the Shoes and Retail Apparel industry, which includes 15 individual companies and currently sits at #29 in the Zacks Industry Rank. On average, stocks in this group have gained 15.05% this year, meaning that RCKY is performing better in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to RCKY as it looks to continue its solid performance.