Investors focused on the Consumer Discretionary space have likely heard of lululemon athletica (LULU Quick QuoteLULU - 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 LULU and the rest of the Consumer Discretionary group's stocks.

lululemon athletica is one of 244 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. LULU is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for LULU's full-year earnings has moved 5.78% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the most recent data, LULU has returned 42.82% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 20.16% on average. As we can see, lululemon athletica is performing better than its sector in the calendar year.

Looking more specifically, LULU belongs to the Textile - Apparel industry, which includes 21 individual stocks and currently sits at #100 in the Zacks Industry Rank. On average, this group has gained an average of 25.77% so far this year, meaning that LULU is performing better in terms of year-to-date returns.

Investors in the Consumer Discretionary sector will want to keep a close eye on LULU as it attempts to continue its solid performance.