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Is Under Armour (UAA) Outperforming Other Consumer Discretionary Stocks This Year?

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For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Under Armour (UAA - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 244 individual stocks and currently holds a Zacks Sector Rank of #6. 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 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. UAA is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for UAA's full-year earnings has moved 3.69% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that UAA has returned about 26.37% since the start of the calendar year. At the same time, Consumer Discretionary stocks have gained an average of 22.21%. This shows that Under Armour is outperforming its peers so far this year.

Looking more specifically, UAA belongs to the Textile - Apparel industry, a group that includes 21 individual stocks and currently sits at #80 in the Zacks Industry Rank. Stocks in this group have gained about 28.97% so far this year, so UAA is slightly underperforming its industry this group in terms of year-to-date returns.

UAA will likely be looking to continue its solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to the company.


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