Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Stitch Fix (SFIX - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of SFIX and the rest of the Retail-Wholesale group's stocks.
Stitch Fix is one of 213 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #9 in 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 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. SFIX is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for SFIX's full-year earnings has moved 94.33% 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, SFIX has moved about 69.45% on a year-to-date basis. At the same time, Retail-Wholesale stocks have gained an average of 19.11%. This means that Stitch Fix is outperforming the sector as a whole this year.
Looking more specifically, SFIX belongs to the Retail - Apparel and Shoes industry, which includes 33 individual stocks and currently sits at #38 in the Zacks Industry Rank. On average, this group has gained an average of 6.68% so far this year, meaning that SFIX is performing better in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track SFIX. The stock will be looking to continue its solid performance.