Investors focused on the Consumer Discretionary space have likely heard of YETI Holdings (YETI - 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.
YETI Holdings is a member of the Consumer Discretionary sector. This group includes 246 individual stocks and currently holds a Zacks Sector Rank of #4. 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 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. YETI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for YETI's full-year earnings has moved 11.99% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, YETI has moved about 99.39% on a year-to-date basis. At the same time, Consumer Discretionary stocks have gained an average of 17.57%. This means that YETI Holdings is performing better than its sector in terms of year-to-date returns.
Looking more specifically, YETI belongs to the Leisure and Recreation Products industry, a group that includes 17 individual stocks and currently sits at #81 in the Zacks Industry Rank. Stocks in this group have gained about 17.77% so far this year, so YETI is performing better this group in terms of year-to-date returns.
YETI will likely be looking to continue its solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to the company.