Has Ralph Lauren (RL) Outpaced Other Consumer Discretionary Stocks This Year?
Investors focused on the Consumer Discretionary space have likely heard of Ralph Lauren (RL), 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 Consumer Discretionary sector should help us answer this question.
Ralph Lauren is a member of the Consumer Discretionary sector. This group includes 246 individual stocks and currently holds a Zacks Sector Rank of #4. 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. RL is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for RL's full-year earnings has moved 3.68% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, RL has returned 24.08% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 17.57% on average. This means that Ralph Lauren is outperforming the sector as a whole this year.
Looking more specifically, RL belongs to the Textile - Apparel industry, a group that includes 21 individual stocks and currently sits at #73 in the Zacks Industry Rank. This group has gained an average of 27.92% so far this year, so RL is slightly underperforming its industry in this area.
Investors with an interest in Consumer Discretionary stocks should continue to track RL. The stock will be looking to continue its solid performance.
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