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Is Fossil Group (FOSL) Stock Outpacing Its Retail-Wholesale Peers This Year?
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For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Fossil Group (FOSL - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Fossil Group is one of 227 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #6 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. FOSL is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for FOSL's full-year earnings has moved 32.90% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that FOSL has returned about 103.60% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of -0.85%. As we can see, Fossil Group is performing better than its sector in the calendar year.
To break things down more, FOSL belongs to the Retail - Apparel and Shoes industry, a group that includes 41 individual companies and currently sits at #56 in the Zacks Industry Rank. This group has lost an average of 17.31% so far this year, so FOSL is performing better in this area.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to FOSL as it looks to continue its solid performance.
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Is Fossil Group (FOSL) Stock Outpacing Its Retail-Wholesale Peers This Year?
For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Fossil Group (FOSL - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Fossil Group is one of 227 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #6 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. FOSL is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for FOSL's full-year earnings has moved 32.90% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that FOSL has returned about 103.60% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of -0.85%. As we can see, Fossil Group is performing better than its sector in the calendar year.
To break things down more, FOSL belongs to the Retail - Apparel and Shoes industry, a group that includes 41 individual companies and currently sits at #56 in the Zacks Industry Rank. This group has lost an average of 17.31% so far this year, so FOSL is performing better in this area.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to FOSL as it looks to continue its solid performance.