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Has Canada Goose Holdings (GOOS) Outpaced Other Retail-Wholesale Stocks This Year?

The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Canada Goose Holdings (GOOS) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.

Canada Goose Holdings is a member of the Retail-Wholesale sector. This group includes 226 individual stocks and currently holds a Zacks Sector Rank of #6. 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 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).

Over the past three months, the Zacks Consensus Estimate for GOOS's full-year earnings has moved 9.36% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the most recent data, GOOS has returned 33.84% so far this year. At the same time, Retail-Wholesale stocks have lost an average of 7.17%. 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 41 individual companies and currently sits at #43 in the Zacks Industry Rank. This group has lost an average of 23.07% so far this year, so GOOS is performing better in this area.

Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to GOOS as it looks to continue its solid performance.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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