Is Boot Barn Holdings (BOOT) Stock Outpacing Its Retail-Wholesale Peers This Year?
Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Boot Barn Holdings (BOOT) 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 BOOT and the rest of the Retail-Wholesale group's stocks.
Boot Barn Holdings is a member of the Retail-Wholesale sector. This group includes 225 individual stocks and currently holds a Zacks Sector Rank of #4. 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 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. BOOT is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BOOT's full-year earnings has moved 2.72% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, BOOT has returned 81.68% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 20.50%. This means that Boot Barn Holdings is outperforming the sector as a whole this year.
Breaking things down more, BOOT is a member of the Retail - Apparel and Shoes industry, which includes 42 individual companies and currently sits at #78 in the Zacks Industry Rank. This group has gained an average of 5.69% so far this year, so BOOT is performing better in this area.
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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