The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Fossil Group (FOSL) been one of those stocks this year? 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.
Fossil Group is a member of our Retail-Wholesale group, which includes 187 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Fossil Group is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FOSL's full-year earnings has moved 73.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, FOSL has moved about 51.3% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 5.3% on a year-to-date basis. This shows that Fossil Group is outperforming its peers so far this year.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is CarMax (KMX). The stock has returned 52.6% year-to-date.
The consensus estimate for CarMax's current year EPS has increased 18.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Fossil Group is a member of the Retail - Apparel and Shoes industry, which includes 38 individual companies and currently sits at #89 in the Zacks Industry Rank. On average, this group has lost an average of 11.2% so far this year, meaning that FOSL is performing better in terms of year-to-date returns.
CarMax, however, belongs to the Automotive - Retail and Wholesale - Parts industry. Currently, this 6-stock industry is ranked #53. The industry has moved -0.3% so far this year.
Fossil Group and CarMax could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.
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