The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is YETI Holdings (YETI - Free Report) one of those stocks right now? 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 a member of the Consumer Discretionary sector. This group includes 243 individual stocks and currently holds a Zacks Sector Rank of #12. 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. YETI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for YETI's full-year earnings has moved 8.35% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, YETI has moved about 99.26% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of 23.51% on a year-to-date basis. As we can see, YETI Holdings is performing better than its sector in the calendar year.
Breaking things down more, YETI is a member of the Leisure and Recreation Products industry, which includes 14 individual companies and currently sits at #24 in the Zacks Industry Rank. Stocks in this group have gained about 24.43% 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.