U.S. Markets closed

Is Rocky Brands (RCKY) Outperforming Other Consumer Discretionary Stocks This Year?

Zacks Equity Research
Is (MCS) Outperforming Other Consumer Discretionary Stocks This Year?

Investors focused on the Consumer Discretionary space have likely heard of Rocky Brands (RCKY), 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.

Rocky Brands is a member of the Consumer Discretionary sector. This group includes 243 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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. RCKY is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for RCKY's full-year earnings has moved 13.33% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, RCKY has returned 61.90% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 3.58%. As we can see, Rocky Brands is performing better than its sector in the calendar year.

Looking more specifically, RCKY belongs to the Shoes and Retail Apparel industry, a group that includes 15 individual stocks and currently sits at #90 in the Zacks Industry Rank. This group has gained an average of 22.97% so far this year, so RCKY is performing better in this area.

Investors in the Consumer Discretionary sector will want to keep a close eye on RCKY as it attempts to continue its solid performance.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Rocky Brands, Inc. (RCKY) : Free Stock Analysis Report
To read this article on Zacks.com click here.