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Has Canada Goose Holdings (GOOS) Outpaced Other Retail-Wholesale Stocks This Year?

Zacks Equity Research
Updated
Does FireEye (FEYE) have what it takes to be a top stock pick for momentum investors? Let's find out.

Investors focused on the Retail-Wholesale space have likely heard of Canada Goose Holdings (GOOS), 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.

Canada Goose Holdings is one of 213 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #8 within 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. GOOS is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for GOOS's full-year earnings has moved 6.46% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

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Our latest available data shows that GOOS has returned about 80.64% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 18.50%. This means that Canada Goose Holdings is performing better than its sector in terms of year-to-date returns.

Looking more specifically, GOOS belongs to the Retail - Apparel and Shoes industry, a group that includes 33 individual stocks and currently sits at #45 in the Zacks Industry Rank. Stocks in this group have gained about 4.06% so far this year, so GOOS is performing better this group in terms of year-to-date returns.

GOOS will likely be looking to continue its solid performance, so investors interested Retail-Wholesale stocks should continue to pay close attention to the company.


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