Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Fossil Group (FOSL) one of those stocks right now? 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.
Fossil Group is one of 222 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #3 in 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. FOSL is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for FOSL's full-year earnings has moved 59.07% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that FOSL has returned about 7.44% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of 6.50%. This means that Fossil Group is performing better than its sector in terms of year-to-date returns.
Looking more specifically, FOSL belongs to the Retail - Apparel and Shoes industry, which includes 42 individual stocks and currently sits at #50 in the Zacks Industry Rank. On average, this group has gained an average of 5.45% so far this year, meaning that FOSL is performing better in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to FOSL as it looks to continue its solid performance.
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