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 one of 218 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. BOOT is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for BOOT's full-year earnings has moved 7.32% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, BOOT has returned 62.65% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 10.29% on average. 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 42 individual companies and currently sits at #44 in the Zacks Industry Rank. This group has gained an average of 9.82% so far this year, so BOOT is performing better in this area.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to BOOT as it looks to continue its solid performance.