Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. YETI Holdings (YETI - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of YETI and the rest of the Consumer Discretionary group's stocks.
YETI Holdings is a member of our Consumer Discretionary group, which includes 248 different companies and currently sits at #12 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 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. YETI is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for YETI's full-year earnings has moved 1.58% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, YETI has moved about 94.41% on a year-to-date basis. Meanwhile, stocks in the Consumer Discretionary group have gained about 20.87% on average. This shows that YETI Holdings is outperforming its peers so far this year.
Looking more specifically, YETI belongs to the Leisure and Recreation Products industry, which includes 17 individual stocks and currently sits at #191 in the Zacks Industry Rank. Stocks in this group have gained about 18.14% so far this year, so YETI is performing better this group in terms of year-to-date returns.
Investors with an interest in Consumer Discretionary stocks should continue to track YETI. The stock will be looking to continue its solid performance.