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Is Columbia Sportswear (COLM) Stock Outpacing Its Consumer Discretionary Peers This Year?
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Investors focused on the Consumer Discretionary space have likely heard of Columbia Sportswear (COLM - 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.
Columbia Sportswear is a member of the Consumer Discretionary sector. This group includes 246 individual stocks and currently holds a Zacks Sector Rank of #6. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. COLM is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for COLM's full-year earnings has moved 8.54% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, COLM has gained about 22.73% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 17.84% on a year-to-date basis. As we can see, Columbia Sportswear is performing better than its sector in the calendar year.
To break things down more, COLM belongs to the Textile - Apparel industry, a group that includes 21 individual companies and currently sits at #80 in the Zacks Industry Rank. This group has gained an average of 26.43% so far this year, so COLM is slightly underperforming its industry in this area.
Investors in the Consumer Discretionary sector will want to keep a close eye on COLM as it attempts to continue its solid performance.
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Is Columbia Sportswear (COLM) Stock Outpacing Its Consumer Discretionary Peers This Year?
Investors focused on the Consumer Discretionary space have likely heard of Columbia Sportswear (COLM - 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.
Columbia Sportswear is a member of the Consumer Discretionary sector. This group includes 246 individual stocks and currently holds a Zacks Sector Rank of #6. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. COLM is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for COLM's full-year earnings has moved 8.54% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, COLM has gained about 22.73% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 17.84% on a year-to-date basis. As we can see, Columbia Sportswear is performing better than its sector in the calendar year.
To break things down more, COLM belongs to the Textile - Apparel industry, a group that includes 21 individual companies and currently sits at #80 in the Zacks Industry Rank. This group has gained an average of 26.43% so far this year, so COLM is slightly underperforming its industry in this area.
Investors in the Consumer Discretionary sector will want to keep a close eye on COLM as it attempts to continue its solid performance.