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 Canada Goose Holdings (GOOS) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Canada Goose Holdings is a member of our Retail-Wholesale group, which includes 218 different companies and currently sits at #7 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. GOOS is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for GOOS's full-year earnings has moved 3.07% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that GOOS has returned about 5.97% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 14.31%. As we can see, Canada Goose Holdings is performing better than its sector in the calendar year.
To break things down more, GOOS belongs to the Retail - Apparel and Shoes industry, a group that includes 42 individual companies and currently sits at #160 in the Zacks Industry Rank. Stocks in this group have gained about 5.02% so far this year, so GOOS is performing better this group in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track GOOS. The stock will be looking to continue its solid performance.
Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report
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Zacks Investment Research