Has Caleres (CAL) Outpaced Other Consumer Discretionary Stocks This Year?
Investors focused on the Consumer Discretionary space have likely heard of Caleres (CAL), but is the stock performing well in comparison to the rest of its sector peers? 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.
Caleres is one of 242 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #12 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. CAL is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CAL's full-year earnings has moved 0.81% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that CAL has returned about 9.68% since the start of the calendar year. At the same time, Consumer Discretionary stocks have gained an average of 5.63%. This shows that Caleres is outperforming its peers so far this year.
Looking more specifically, CAL belongs to the Shoes and Retail Apparel industry, which includes 15 individual stocks and currently sits at #49 in the Zacks Industry Rank. This group has gained an average of 26.64% so far this year, so CAL is slightly underperforming its industry in this area.
CAL will likely be looking to continue its solid performance, so investors interested Consumer Discretionary stocks should continue to pay close attention to the company.
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