Investors focused on the Retail-Wholesale space have likely heard of Boot Barn Holdings (BOOT - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Boot Barn Holdings is a member of the Retail-Wholesale sector. This group includes 227 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics 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 4.04% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, BOOT has gained about 9.87% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 4.87%. 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 41 individual companies and currently sits at #54 in the Zacks Industry Rank. Stocks in this group have lost about 11.04% so far this year, so BOOT 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 BOOT as it attempts to continue its solid performance.