The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is G-III Apparel Group, LTD. (GIII) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
G-III Apparel Group, LTD. is one of 245 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. GIII is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for GIII's full-year earnings has moved 5.65% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, GIII has returned 53.17% so far this year. In comparison, Consumer Discretionary companies have returned an average of 21.56%. This means that G-III Apparel Group, LTD. is performing better than its sector in terms of year-to-date returns.
To break things down more, GIII belongs to the Textile - Apparel industry, a group that includes 21 individual companies and currently sits at #186 in the Zacks Industry Rank. On average, this group has gained an average of 32.04% so far this year, meaning that GIII 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 GIII as it looks to continue its solid performance.
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