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Is YETI Holdings (YETI) Outperforming Other Consumer Discretionary Stocks This Year?
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Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is YETI Holdings (YETI - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
YETI Holdings is a member of our Consumer Discretionary group, which includes 244 different companies and currently sits at #6 in the Zacks Sector Rank. 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. YETI is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for YETI's full-year earnings has moved 3.18% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, YETI has returned 84.57% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 16.58%. This shows that YETI Holdings is outperforming its peers so far this year.
Looking more specifically, YETI belongs to the Leisure and Recreation Products industry, which includes 16 individual stocks and currently sits at #26 in the Zacks Industry Rank. Stocks in this group have gained about 16.43% so far this year, so YETI is performing better this group in terms of year-to-date returns.
YETI 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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Is YETI Holdings (YETI) Outperforming Other Consumer Discretionary Stocks This Year?
Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is YETI Holdings (YETI - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
YETI Holdings is a member of our Consumer Discretionary group, which includes 244 different companies and currently sits at #6 in the Zacks Sector Rank. 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. YETI is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for YETI's full-year earnings has moved 3.18% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, YETI has returned 84.57% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 16.58%. This shows that YETI Holdings is outperforming its peers so far this year.
Looking more specifically, YETI belongs to the Leisure and Recreation Products industry, which includes 16 individual stocks and currently sits at #26 in the Zacks Industry Rank. Stocks in this group have gained about 16.43% so far this year, so YETI is performing better this group in terms of year-to-date returns.
YETI 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.