Investors focused on the Retail-Wholesale space have likely heard of Canada Goose Holdings (GOOS - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Canada Goose Holdings is a member of our Retail-Wholesale group, which includes 155 different companies and currently sits at #2 in the Zacks Sector Rank. 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. GOOS is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for GOOS's full-year earnings has moved 7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, GOOS has gained about 80.48% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 14.04% on average. This shows that Canada Goose Holdings is outperforming its peers so far this year.
Looking more specifically, GOOS belongs to the Retail - Apparel and Shoes industry, which includes 11 individual stocks and currently sits at #30 in the Zacks Industry Rank. On average, this group has lost an average of 0.63% so far this year, meaning that GOOS is performing better in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track GOOS. The stock will be looking to continue its solid performance.