The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Under Armour (UAA - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
Under Armour is one of 244 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. UAA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for UAA's full-year earnings has moved 3.64% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, UAA has returned 37.35% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 18.24% on average. As we can see, Under Armour is performing better than its sector in the calendar year.
Looking more specifically, UAA belongs to the Textile - Apparel industry, which includes 21 individual stocks and currently sits at #99 in the Zacks Industry Rank. On average, stocks in this group have gained 24.59% this year, meaning that UAA is performing better in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on UAA as it attempts to continue its solid performance.