Has Stitch Fix (SFIX) Outpaced Other Retail-Wholesale Stocks This Year?
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Stitch Fix (SFIX) 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? One simple way to answer this question is to take a look at the year-to-date performance of SFIX and the rest of the Retail-Wholesale group’s stocks.
Stitch Fix is a member of the Retail-Wholesale sector. This group includes 214 individual stocks and currently holds a Zacks Sector Rank of #9. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. SFIX is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for SFIX’s full-year earnings has moved 100% higher. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.
Our latest available data shows that SFIX has returned about 15.29% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 14.01%. This means that Stitch Fix is performing better than its sector in terms of year-to-date returns.
Looking more specifically, SFIX belongs to the Retail – Apparel and Shoes industry, which includes 33 individual stocks and currently sits at #99 in the Zacks Industry Rank. This group has gained an average of 1.43% so far this year, so SFIX is performing better in this area.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to SFIX as it looks to continue its solid performance.
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