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Is Boot Barn Holdings (BOOT) Stock Outpacing Its Retail-Wholesale Peers This Year?
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Investors focused on the Retail-Wholesale space have likely heard of Boot Barn Holdings (BOOT - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Boot Barn Holdings is one of 218 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. BOOT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BOOT's full-year earnings has moved 7.32% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, BOOT has gained about 64.59% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 14.31% on average. As we can see, Boot Barn Holdings is performing better than its sector in the calendar year.
Breaking things down more, BOOT is a member of the Retail - Apparel and Shoes industry, which includes 42 individual companies and currently sits at #160 in the Zacks Industry Rank. On average, this group has gained an average of 5.02% so far this year, meaning that BOOT is performing better in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on BOOT as it attempts to continue its solid performance.
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Is Boot Barn Holdings (BOOT) Stock Outpacing Its Retail-Wholesale Peers This Year?
Investors focused on the Retail-Wholesale space have likely heard of Boot Barn Holdings (BOOT - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Boot Barn Holdings is one of 218 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. BOOT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BOOT's full-year earnings has moved 7.32% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, BOOT has gained about 64.59% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 14.31% on average. As we can see, Boot Barn Holdings is performing better than its sector in the calendar year.
Breaking things down more, BOOT is a member of the Retail - Apparel and Shoes industry, which includes 42 individual companies and currently sits at #160 in the Zacks Industry Rank. On average, this group has gained an average of 5.02% so far this year, meaning that BOOT is performing better in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on BOOT as it attempts to continue its solid performance.