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Is Canada Goose Holdings (GOOS) Stock Outpacing Its Retail-Wholesale Peers This Year?

Zacks Equity Research
Updated
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For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Canada Goose Holdings (GOOS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.

Canada Goose Holdings is one of 214 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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).

Within the past quarter, the Zacks Consensus Estimate for GOOS's full-year earnings has moved 19.63% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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According to our latest data, GOOS has moved about 95.12% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 13.03%. This means that Canada Goose Holdings is performing better than its sector in terms of year-to-date returns.

Breaking things down more, GOOS is a member of the Retail - Apparel and Shoes industry, which includes 33 individual companies and currently sits at #66 in the Zacks Industry Rank. On average, this group has gained an average of 5.14% so far this year, meaning that GOOS is performing better in terms of year-to-date returns.

Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to GOOS as it looks to continue its solid performance.


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