The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Under Armour (UAA) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Under Armour is one of 251 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. UAA is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for UAA's full-year earnings has moved 0.27% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, UAA has gained about 23.54% so far this year. In comparison, Consumer Discretionary companies have returned an average of 14.17%. This means that Under Armour is outperforming the sector as a whole this year.
Looking more specifically, UAA belongs to the Textile - Apparel industry, a group that includes 22 individual stocks and currently sits at #71 in the Zacks Industry Rank. This group has gained an average of 20.10% so far this year, so UAA is performing better in this area.
Investors with an interest in Consumer Discretionary stocks should continue to track UAA. The stock will be looking to continue its solid performance.
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