Investors focused on the Consumer Discretionary space have likely heard of G-III Apparel Group, LTD. (GIII), 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.
G-III Apparel Group, LTD. is a member of the Consumer Discretionary sector. This group includes 244 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. GIII is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for GIII's full-year earnings has moved 5.92% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that GIII has returned about 34.56% since the start of the calendar year. At the same time, Consumer Discretionary stocks have gained an average of 20.16%. This means that G-III Apparel Group, LTD. is outperforming the sector as a whole this year.
Breaking things down more, GIII is a member of the Textile - Apparel industry, which includes 21 individual companies and currently sits at #100 in the Zacks Industry Rank. On average, stocks in this group have gained 25.77% this year, meaning that GIII is performing better in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on GIII as it attempts to continue its solid performance.
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