Investors focused on the Consumer Discretionary space have likely heard of Deckers Outdoor (DECK - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Deckers Outdoor is one of 244 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #10 within 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 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. DECK is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for DECK's full-year earnings has moved 3.11% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, DECK has returned 20.53% so far this year. In comparison, Consumer Discretionary companies have returned an average of 13.78%. This shows that Deckers Outdoor is outperforming its peers so far this year.
To break things down more, DECK belongs to the Shoes and Retail Apparel industry, a group that includes 13 individual companies and currently sits at #67 in the Zacks Industry Rank. On average, stocks in this group have gained 5.91% this year, meaning that DECK is performing better in terms of year-to-date returns.
DECK 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.