Investors focused on the Retail-Wholesale space have likely heard of Stitch Fix (SFIX), 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.
Stitch Fix is a member of our Retail-Wholesale group, which includes 224 different companies and currently sits at #5 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 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).
Within the past quarter, the Zacks Consensus Estimate for SFIX's full-year earnings has moved 47.71% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, SFIX has moved about 84.49% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 18.21% on a year-to-date basis. This shows that Stitch Fix is outperforming its peers so far this year.
Looking more specifically, SFIX belongs to the Retail - Apparel and Shoes industry, a group that includes 42 individual stocks and currently sits at #75 in the Zacks Industry Rank. Stocks in this group have lost about 11.37% so far this year, so SFIX is performing better this group in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on SFIX as it attempts to continue its solid performance.
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