Investors focused on the Consumer Discretionary space have likely heard of lululemon athletica (LULU - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of LULU and the rest of the Consumer Discretionary group's stocks.
lululemon athletica is one of 258 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #10 in 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. LULU is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for LULU's full-year earnings has moved 0.56% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, LULU has gained about 64.73% so far this year. In comparison, Consumer Discretionary companies have returned an average of -0.56%. This shows that lululemon athletica is outperforming its peers so far this year.
Looking more specifically, LULU belongs to the Textile - Apparel industry, a group that includes 21 individual stocks and currently sits at #44 in the Zacks Industry Rank. On average, stocks in this group have gained 9.89% this year, meaning that LULU is performing better in terms of year-to-date returns.
Investors with an interest in Consumer Discretionary stocks should continue to track LULU. The stock will be looking to continue its solid performance.