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Is Canada Goose Holdings (GOOS) Stock Outpacing Its Retail-Wholesale Peers This Year?
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Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has Canada Goose Holdings (GOOS - 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.
Canada Goose Holdings is one of 214 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. GOOS is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GOOS's full-year earnings has moved 28.15% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, GOOS has moved about 90.88% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 19.85% on a year-to-date basis. This means that Canada Goose Holdings is performing better than its sector in terms of year-to-date returns.
To break things down more, GOOS belongs to the Retail - Apparel and Shoes industry, a group that includes 33 individual companies and currently sits at #72 in the Zacks Industry Rank. On average, this group has gained an average of 8.40% so far this year, meaning that GOOS is performing better in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on GOOS as it attempts to continue its solid performance.
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Is Canada Goose Holdings (GOOS) Stock Outpacing Its Retail-Wholesale Peers This Year?
Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has Canada Goose Holdings (GOOS - 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.
Canada Goose Holdings is one of 214 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. GOOS is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GOOS's full-year earnings has moved 28.15% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, GOOS has moved about 90.88% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 19.85% on a year-to-date basis. This means that Canada Goose Holdings is performing better than its sector in terms of year-to-date returns.
To break things down more, GOOS belongs to the Retail - Apparel and Shoes industry, a group that includes 33 individual companies and currently sits at #72 in the Zacks Industry Rank. On average, this group has gained an average of 8.40% so far this year, meaning that GOOS is performing better in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on GOOS as it attempts to continue its solid performance.