Investors focused on the Consumer Staples space have likely heard of Ollie's Bargain Outlet Holdings (OLLI Quick QuoteOLLI - 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.

Ollie's Bargain Outlet Holdings is one of 165 companies in the Consumer Staples group. The Consumer Staples group currently sits at #12 within 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 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. OLLI is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for OLLI's full-year earnings has moved 0.67% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, OLLI has returned 52.50% so far this year. Meanwhile, the Consumer Staples sector has returned an average of 15.77% on a year-to-date basis. As we can see, Ollie's Bargain Outlet Holdings is performing better than its sector in the calendar year.

To break things down more, OLLI belongs to the Consumer Products - Staples industry, a group that includes 9 individual companies and currently sits at #169 in the Zacks Industry Rank. This group has gained an average of 12.31% so far this year, so OLLI is performing better in this area.

Investors with an interest in Consumer Staples stocks should continue to track OLLI. The stock will be looking to continue its solid performance.