Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is Skechers U.S.A. (SKX - Free Report) one of those stocks right now? 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.
Skechers U.S.A. is one of 251 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #6 in 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 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. SKX is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for SKX's full-year earnings has moved 4.61% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, SKX has moved about 43.29% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of 14.52% on a year-to-date basis. This means that Skechers U.S.A. is performing better than its sector in terms of year-to-date returns.
Looking more specifically, SKX belongs to the Shoes and Retail Apparel industry, which includes 13 individual stocks and currently sits at #24 in the Zacks Industry Rank. Stocks in this group have gained about 16.36% so far this year, so SKX is performing better this group in terms of year-to-date returns.
Investors with an interest in Consumer Discretionary stocks should continue to track SKX. The stock will be looking to continue its solid performance.