Investors focused on the Retail-Wholesale space have likely heard of Stitch Fix (SFIX - 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 SFIX and the rest of the Retail-Wholesale group's stocks.
Stitch Fix is one of 218 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. SFIX is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for SFIX's full-year earnings has moved 25.23% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, SFIX has returned 97.66% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 12.09% on average. As we can see, Stitch Fix is performing better than its sector in the calendar year.
Breaking things down more, SFIX is a member of the Retail - Apparel and Shoes industry, which includes 42 individual companies and currently sits at #99 in the Zacks Industry Rank. This group has gained an average of 10.12% so far this year, so SFIX is performing better in this area.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to SFIX as it looks to continue its solid performance.