Investors focused on the Consumer Discretionary space have likely heard of Deckers Outdoor (DECK), 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 DECK and the rest of the Consumer Discretionary group's stocks.
Deckers Outdoor is a member of the Consumer Discretionary sector. This group includes 250 individual stocks and currently holds a Zacks Sector Rank of #8. 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. DECK is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for DECK's full-year earnings has moved 1.34% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, DECK has gained about 10.89% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 10.45% on average. This means that Deckers Outdoor is performing better than its sector in terms of year-to-date returns.
To break things down more, DECK belongs to the Shoes and Retail Apparel industry, a group that includes 13 individual companies and currently sits at #96 in the Zacks Industry Rank. On average, stocks in this group have gained 9.79% this year, meaning that DECK is performing better in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to DECK as it looks to continue its solid performance.
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