Investors focused on the Retail-Wholesale space have likely heard of Canada Goose Holdings (GOOS), 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 Retail-Wholesale peers, we might be able to answer that question.
Canada Goose Holdings is one of 218 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #5 within the Zacks Sector Rank. 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 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. GOOS is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for GOOS's full-year earnings has moved 1.90% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, GOOS has gained about 14.64% so far this year. In comparison, Retail-Wholesale companies have returned an average of 10.29%. This means that Canada Goose Holdings is outperforming the sector as a whole this year.
Looking more specifically, GOOS belongs to the Retail - Apparel and Shoes industry, a group that includes 42 individual stocks and currently sits at #44 in the Zacks Industry Rank. On average, stocks in this group have gained 9.82% this year, meaning that GOOS is performing better in terms of year-to-date returns.
GOOS will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.
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Canada Goose Holdings Inc. (GOOS) : Free Stock Analysis Report
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