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Has YETI Holdings (YETI) Outpaced Other Consumer Discretionary Stocks This Year?

Zacks Equity Research
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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

YETI Holdings is one of 251 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #7 within 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 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. YETI is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for YETI's full-year earnings has moved 11.99% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, YETI has gained about 87.40% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 14.79% on a year-to-date basis. This means that YETI Holdings is performing better than its sector in terms of year-to-date returns.

Breaking things down more, YETI is a member of the Leisure and Recreation Products industry, which includes 17 individual companies and currently sits at #149 in the Zacks Industry Rank. On average, stocks in this group have gained 15.51% this year, meaning that YETI is performing better in terms of year-to-date returns.

YETI will likely be looking to continue its solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to the company.


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