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 a member of our Consumer Discretionary group, which includes 251 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the 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 3.26% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, LULU has moved about 1.43% on a year-to-date basis. Meanwhile, stocks in the Consumer Discretionary group have gained about 0.71% on average. This means that lululemon athletica is outperforming the sector as a whole this year.
Looking more specifically, LULU belongs to the Textile - Apparel industry, which includes 21 individual stocks and currently sits at #68 in the Zacks Industry Rank. On average, this group has gained an average of 0.83% so far this year, meaning that LULU is performing better in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on LULU as it attempts to continue its solid performance.