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Has Under Armour (UAA) Outpaced Other Consumer Discretionary Stocks This Year?

Investors focused on the Consumer Discretionary space have likely heard of Under Armour (UAA), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of UAA and the rest of the Consumer Discretionary group's stocks.

Under Armour is a member of the Consumer Discretionary sector. This group includes 257 individual stocks and currently holds a Zacks Sector Rank of #12. 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 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. UAA is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for UAA's full-year earnings has moved 32.12% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, UAA has moved about 30.08% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of -5.40% on a year-to-date basis. This means that Under Armour is outperforming the sector as a whole this year.

Breaking things down more, UAA is a member of the Textile - Apparel industry, which includes 21 individual companies and currently sits at #51 in the Zacks Industry Rank. Stocks in this group have gained about 1.86% so far this year, so UAA is performing better this group in terms of year-to-date returns.

Investors with an interest in Consumer Discretionary stocks should continue to track UAA. The stock will be looking 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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