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 227 different companies and currently sits at #9 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 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. GOOS is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GOOS's full-year earnings has moved 16.30% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, GOOS has returned 98.38% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 6.72%. As we can see, Canada Goose Holdings is performing better than its sector in the calendar year.
To break things down more, GOOS belongs to the Retail - Apparel and Shoes industry, a group that includes 41 individual companies and currently sits at #68 in the Zacks Industry Rank. Stocks in this group have lost about 7.61% so far this year, so GOOS is performing better this group in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on GOOS as it attempts to continue its solid performance.