Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Skechers U.S.A. (SKX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Skechers U.S.A. is a member of our Consumer Discretionary group, which includes 246 different companies and currently sits at #5 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 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. SKX is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for SKX's full-year earnings has moved 4.94% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, SKX has returned 54.13% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 21.07% on a year-to-date basis. This shows that Skechers U.S.A. is outperforming its peers so far this year.
Looking more specifically, SKX belongs to the Shoes and Retail Apparel industry, a group that includes 13 individual stocks and currently sits at #24 in the Zacks Industry Rank. On average, stocks in this group have gained 20.49% this year, meaning that SKX is performing better in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on SKX as it attempts to continue its solid performance.
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Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report
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