Investors focused on the Consumer Discretionary space have likely heard of Tailored Brands (TLRD), 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.
Tailored Brands is one of 242 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #11 within the Zacks Sector Rank. 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 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. TLRD is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for TLRD's full-year earnings has moved 0.60% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, TLRD has moved about 1.56% on a year-to-date basis. In comparison, Consumer Discretionary companies have returned an average of 0.29%. This means that Tailored Brands is performing better than its sector in terms of year-to-date returns.
Breaking things down more, TLRD is a member of the Textile - Apparel industry, which includes 12 individual companies and currently sits at #23 in the Zacks Industry Rank. This group has gained an average of 12.24% so far this year, so TLRD is slightly underperforming its industry in this area.
TLRD will likely be looking to continue its solid performance, so investors interested Consumer Discretionary stocks should continue to pay close attention to the company.
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