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? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.
G-III Apparel Group, LTD. is a member of the Consumer Discretionary sector. This group includes 246 individual stocks and currently holds a Zacks Sector Rank of #6. 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 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. GIII is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for GIII's full-year earnings has moved 5.65% higher. 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 47.33% since the start of the calendar year. At the same time, Consumer Discretionary stocks have gained an average of 17.84%. This means that G-III Apparel Group, LTD. is outperforming the sector as a whole this year.
Looking more specifically, GIII belongs to the Textile - Apparel industry, a group that includes 21 individual stocks and currently sits at #80 in the Zacks Industry Rank. This group has gained an average of 26.43% so far this year, so GIII is performing better in this area.
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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