Investors focused on the Consumer Staples space have likely heard of Ollie's Bargain Outlet Holdings (OLLI - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.
Ollie's Bargain Outlet Holdings is one of 177 companies in the Consumer Staples group. The Consumer Staples group currently sits at #16 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. OLLI is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for OLLI's full-year earnings has moved 3.15% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, OLLI has gained about 36.24% so far this year. Meanwhile, stocks in the Consumer Staples group have lost about 10.18% on average. This means that Ollie's Bargain Outlet Holdings is performing better than its sector in terms of year-to-date returns.
Looking more specifically, OLLI belongs to the Consumer Products - Staples industry, which includes 10 individual stocks and currently sits at #189 in the Zacks Industry Rank. Stocks in this group have lost about 10.92% so far this year, so OLLI is performing better this group in terms of year-to-date returns.
Investors with an interest in Consumer Staples stocks should continue to track OLLI. The stock will be looking to continue its solid performance.