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Is Stitch Fix (SFIX) Stock Outpacing Its Retail-Wholesale Peers This Year?
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Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has Stitch Fix (SFIX - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Stitch Fix is one of 219 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #5 within the Zacks Sector Rank. 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. SFIX is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for SFIX's full-year earnings has moved 20.65% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, SFIX has moved about 31.36% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 10.70% on a year-to-date basis. This means that Stitch Fix is performing better than its sector in terms of year-to-date returns.
To break things down more, SFIX belongs to the Retail - Apparel and Shoes industry, a group that includes 42 individual companies and currently sits at #73 in the Zacks Industry Rank. Stocks in this group have gained about 7.55% so far this year, so SFIX is performing better this group in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track SFIX. The stock will be looking to continue its solid performance.
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Is Stitch Fix (SFIX) Stock Outpacing Its Retail-Wholesale Peers This Year?
Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has Stitch Fix (SFIX - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Stitch Fix is one of 219 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #5 within the Zacks Sector Rank. 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. SFIX is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for SFIX's full-year earnings has moved 20.65% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, SFIX has moved about 31.36% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 10.70% on a year-to-date basis. This means that Stitch Fix is performing better than its sector in terms of year-to-date returns.
To break things down more, SFIX belongs to the Retail - Apparel and Shoes industry, a group that includes 42 individual companies and currently sits at #73 in the Zacks Industry Rank. Stocks in this group have gained about 7.55% so far this year, so SFIX is performing better this group in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track SFIX. The stock will be looking to continue its solid performance.