Investors focused on the Retail-Wholesale space have likely heard of Canada Goose Holdings (GOOS), 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 Retail-Wholesale sector should help us answer this question.
Canada Goose Holdings is one of 218 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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 #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for GOOS's full-year earnings has moved 1.90% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, GOOS has moved about 23.86% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 12% on average. This means that Canada Goose Holdings is performing better than its sector in terms of year-to-date returns.
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 #43 in the Zacks Industry Rank. This group has gained an average of 6.86% so far this year, so GOOS is performing better in this area.
GOOS will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.
Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report
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Zacks Investment Research