The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Canada Goose Holdings (GOOS - Free Report) one of those stocks right now? 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 the Retail-Wholesale sector. This group includes 226 individual stocks and currently holds a Zacks Sector Rank of #6. 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 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. GOOS is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for GOOS's full-year earnings has moved 9.36% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, GOOS has returned 33.84% so far this year. At the same time, Retail-Wholesale stocks have lost an average of 7.17%. 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 #43 in the Zacks Industry Rank. This group has lost an average of 23.07% so far this year, so GOOS is performing better in this area.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to GOOS as it looks to continue its solid performance.