For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Boot Barn Holdings (BOOT) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
Boot Barn Holdings is one of 223 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. BOOT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BOOT's full-year earnings has moved 3.32% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, BOOT has gained about 75.16% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 18.19% on a year-to-date basis. This means that Boot Barn Holdings is outperforming the sector as a whole this year.
Looking more specifically, BOOT belongs to the Retail - Apparel and Shoes industry, which includes 43 individual stocks and currently sits at #76 in the Zacks Industry Rank. On average, stocks in this group have gained 8.19% this year, meaning that BOOT is performing better in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on BOOT as it attempts to continue its solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Boot Barn Holdings, Inc. (BOOT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research