Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has lululemon athletica (LULU - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.
lululemon athletica is one of 251 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #5 within 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).
Over the past 90 days, the Zacks Consensus Estimate for LULU's full-year earnings has moved 1.91% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that LULU has returned about 21.45% since the start of the calendar year. In comparison, Consumer Discretionary companies have returned an average of 13.32%. As we can see, lululemon athletica is performing better than its sector in the calendar year.
Breaking things down more, LULU is a member of the Textile - Apparel industry, which includes 22 individual companies and currently sits at #40 in the Zacks Industry Rank. On average, stocks in this group have gained 20.18% this year, meaning that LULU is performing better in terms of year-to-date returns.
Investors with an interest in Consumer Discretionary stocks should continue to track LULU. The stock will be looking to continue its solid performance.