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? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
Stitch Fix is one of 218 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #6 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 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. SFIX is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SFIX's full-year earnings has moved 37.84% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, SFIX has gained about 63.14% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 14.83%. This means that Stitch Fix is outperforming the sector as a whole this year.
To break things down more, SFIX belongs to the Retail - Apparel and Shoes industry, a group that includes 42 individual companies and currently sits at #155 in the Zacks Industry Rank. On average, stocks in this group have gained 8.62% this year, meaning that SFIX is performing better in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on SFIX as it attempts to continue its solid performance.