For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Boot Barn Holdings (BOOT - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Boot Barn Holdings is a member of our Retail-Wholesale group, which includes 214 different companies and currently sits at #7 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 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. BOOT is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for BOOT's full-year earnings has moved 5.66% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, BOOT has moved about 72.79% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 18.47%. This shows that Boot Barn Holdings is outperforming its peers so far this year.
To break things down more, BOOT belongs to the Retail - Apparel and Shoes industry, a group that includes 33 individual companies and currently sits at #68 in the Zacks Industry Rank. On average, stocks in this group have gained 7.03% this year, meaning that BOOT is performing better in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track BOOT. The stock will be looking to continue its solid performance.