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Is Fossil Group (FOSL) Stock Outpacing Its Retail-Wholesale Peers This Year?

Zacks Equity Research
Walmart (WMT) closed the most recent trading day at $114.74, moving -0.21% from the previous trading session.

Investors focused on the Retail-Wholesale space have likely heard of Fossil Group (FOSL), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Fossil Group is a member of the Retail-Wholesale sector. This group includes 222 individual stocks and currently holds a Zacks Sector Rank of #7. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. FOSL is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for FOSL's full-year earnings has moved 59.07% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, FOSL has returned 4.90% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 2.15% on average. This means that Fossil Group is performing better than its sector in terms of year-to-date returns.

To break things down more, FOSL belongs to the Retail - Apparel and Shoes industry, a group that includes 42 individual companies and currently sits at #54 in the Zacks Industry Rank. Stocks in this group have gained about 1.67% so far this year, so FOSL is performing better this group in terms of year-to-date returns.

Investors with an interest in Retail-Wholesale stocks should continue to track FOSL. The stock will be looking to continue its solid performance.


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