The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Boot Barn Holdings (BOOT - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
Boot Barn Holdings is a member of the Retail-Wholesale sector. This group includes 213 individual stocks and currently holds a Zacks Sector Rank of #9. 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 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. BOOT is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for BOOT's full-year earnings has moved 5.32% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, BOOT has returned 71.04% so far this year. In comparison, Retail-Wholesale companies have returned an average of 19.11%. As we can see, Boot Barn Holdings is performing better than its sector in the calendar 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 #38 in the Zacks Industry Rank. On average, stocks in this group have gained 6.68% this year, meaning that BOOT is performing better in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to BOOT as it looks to continue its solid performance.