Is Mattel (MAT) Stock Outpacing Its Consumer Discretionary Peers This Year?
Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Mattel (MAT) been one of those stocks this year? 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.
Mattel is a member of the Consumer Discretionary sector. This group includes 282 individual stocks and currently holds a Zacks Sector Rank of #14. 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. Mattel is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MAT's full-year earnings has moved 2.8% 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 MAT has returned about 22.4% since the start of the calendar year. In comparison, Consumer Discretionary companies have returned an average of 4.2%. This means that Mattel is outperforming the sector as a whole this year.
Another stock in the Consumer Discretionary sector, Dunelm Group (DNLMY), has outperformed the sector so far this year. The stock's year-to-date return is 15.3%.
In Dunelm Group's case, the consensus EPS estimate for the current year increased 0.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Mattel belongs to the Toys - Games - Hobbies industry, a group that includes 7 individual stocks and currently sits at #38 in the Zacks Industry Rank. On average, stocks in this group have gained 16.6% this year, meaning that MAT is performing better in terms of year-to-date returns.
Dunelm Group, however, belongs to the Textile - Home Furnishing industry. Currently, this 4-stock industry is ranked #19. The industry has moved -17.5% so far this year.
Investors with an interest in Consumer Discretionary stocks should continue to track Mattel and Dunelm Group. These stocks will be looking to continue their solid performance.
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Mattel, Inc. (MAT) : Free Stock Analysis Report
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