Investors focused on the Retail-Wholesale space have likely heard of Stitch Fix (SFIX - 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 SFIX and the rest of the Retail-Wholesale group's stocks.
Stitch Fix is a member of the Retail-Wholesale sector. This group includes 224 individual stocks and currently holds a Zacks Sector Rank of #5. 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 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. SFIX is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for SFIX's full-year earnings has moved 63.96% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, SFIX has gained about 58.22% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 11.26% on a year-to-date basis. As we can see, Stitch Fix is performing better than its sector in the calendar year.
Looking more specifically, SFIX belongs to the Retail - Apparel and Shoes industry, which includes 42 individual stocks and currently sits at #97 in the Zacks Industry Rank. This group has lost an average of 16.25% so far this year, so SFIX is performing better in this area.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to SFIX as it looks to continue its solid performance.