For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group 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 our Retail-Wholesale group, which includes 223 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader 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 4.79% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, GOOS has moved about 9.65% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 17.37% on average. As we can see, Canada Goose Holdings is performing better than its sector in the calendar year.
Looking more specifically, GOOS belongs to the Retail - Apparel and Shoes industry, which includes 43 individual stocks and currently sits at #79 in the Zacks Industry Rank. This group has gained an average of 6.52% 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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Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report
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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.