Is Boot Barn Holdings (BOOT) Outperforming Other Retail-Wholesale Stocks This Year?
Investors focused on the Retail-Wholesale space have likely heard of Boot Barn Holdings (BOOT), 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 BOOT and the rest of the Retail-Wholesale group's stocks.
Boot Barn Holdings is one of 228 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. BOOT is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for BOOT's full-year earnings has moved 4.04% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, BOOT has gained about 15.47% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 1% on average. This means that Boot Barn Holdings is performing better than its sector in terms of year-to-date returns.
Looking more specifically, BOOT belongs to the Retail - Apparel and Shoes industry, a group that includes 41 individual stocks and currently sits at #53 in the Zacks Industry Rank. On average, stocks in this group have lost 10.92% this year, meaning that BOOT is performing better in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on BOOT as it attempts to continue its solid performance.
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