Investors focused on the Consumer Staples space have likely heard of Ollie's Bargain Outlet Holdings (OLLI Quick QuoteOLLI - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Ollie's Bargain Outlet Holdings is a member of the Consumer Staples sector. This group includes 176 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. OLLI is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for OLLI's full-year earnings has moved 2.66% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that OLLI has returned about 78.03% since the start of the calendar year. In comparison, Consumer Staples companies have returned an average of -8.25%. This shows that Ollie's Bargain Outlet Holdings is outperforming its peers so far this year.

Looking more specifically, OLLI belongs to the Consumer Products - Staples industry, which includes 9 individual stocks and currently sits at #173 in the Zacks Industry Rank. This group has lost an average of 6.05% so far this year, so OLLI is performing better in this area.

Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to OLLI as it looks to continue its solid performance.