Investors focused on the Consumer Discretionary space have likely heard of YETI Holdings (YETI - 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.
YETI Holdings is one of 244 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #7 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. YETI is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for YETI's full-year earnings has moved 3.18% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, YETI has gained about 69.54% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 18.13% on average. As we can see, YETI Holdings is performing better than its sector in the calendar year.
Looking more specifically, YETI belongs to the Leisure and Recreation Products industry, a group that includes 16 individual stocks and currently sits at #24 in the Zacks Industry Rank. On average, this group has gained an average of 16.55% so far this year, meaning that YETI is performing better in terms of year-to-date returns.
YETI 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.