For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. G-III Apparel Group, LTD. (GIII) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of GIII and the rest of the Consumer Discretionary group's stocks.
G-III Apparel Group, LTD. is one of 243 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #9 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. GIII is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for GIII's full-year earnings has moved 10.80% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, GIII has gained about 9.05% so far this year. In comparison, Consumer Discretionary companies have returned an average of 3.72%. As we can see, G-III Apparel Group, LTD. is performing better than its sector in the calendar year.
Looking more specifically, GIII belongs to the Textile - Apparel industry, a group that includes 12 individual stocks and currently sits at #38 in the Zacks Industry Rank. On average, this group has gained an average of 21.95% so far this year, meaning that GIII is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on GIII as it attempts to continue its solid performance.
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