Investors focused on the Consumer Staples space have likely heard of Ollie's Bargain Outlet Holdings (OLLI Quick QuoteOLLI - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Ollie's Bargain Outlet Holdings is a member of the Consumer Staples sector. This group includes 170 individual stocks and currently holds a Zacks Sector Rank of #13. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. OLLI is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for OLLI's full-year earnings has moved 1.45% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that OLLI has returned about 57.13% since the start of the calendar year. At the same time, Consumer Staples stocks have lost an average of 11.02%. As we can see, Ollie's Bargain Outlet Holdings is performing better than its sector in the calendar year.

Looking more specifically, OLLI belongs to the Consumer Products - Staples industry, a group that includes 9 individual stocks and currently sits at #108 in the Zacks Industry Rank. This group has lost an average of 7.75% so far this year, so OLLI is performing better in this area.

Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to OLLI as it looks to continue its solid performance.