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 a member of the Retail-Wholesale sector. This group includes 222 individual stocks and currently holds a Zacks Sector Rank of #5. 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 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. GOOS is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GOOS's full-year earnings has moved 9.49% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, GOOS has returned 9.95% so far this year. In comparison, Retail-Wholesale companies have returned an average of 5.74%. This means that Canada Goose Holdings is outperforming the sector as a whole this year.
Breaking things down more, GOOS is a member of the Retail - Apparel and Shoes industry, which includes 42 individual companies and currently sits at #77 in the Zacks Industry Rank. This group has gained an average of 5.47% so far this year, so GOOS is performing better in this area.
Investors with an interest in Retail-Wholesale stocks should continue to track GOOS. The stock will be looking to continue its solid performance.
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