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Is Stitch Fix (SFIX) Outperforming Other Retail-Wholesale Stocks This Year?

Zacks Equity Research
Allegiance Bancshares (ABTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Stitch Fix (SFIX) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Stitch Fix is a member of our Retail-Wholesale group, which includes 223 different companies and currently sits at #9 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. SFIX is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for SFIX's full-year earnings has moved 37.84% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, SFIX has returned 54.07% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 17.27%. As we can see, Stitch Fix is performing better than its sector in the calendar year.

To break things down more, SFIX belongs to the Retail - Apparel and Shoes industry, a group that includes 43 individual companies and currently sits at #81 in the Zacks Industry Rank. On average, this group has gained an average of 6.82% so far this year, meaning that SFIX is performing better in terms of year-to-date returns.

Investors with an interest in Retail-Wholesale stocks should continue to track SFIX. The stock will be looking to continue its solid performance.


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