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Are Retail-Wholesale Stocks Lagging Boot Barn (BOOT) This Year? September 11, 2024
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Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Boot Barn (BOOT - Free Report) 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.
Boot Barn is a member of our Retail-Wholesale group, which includes 211 different companies and currently sits at #9 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 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. Boot Barn is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for BOOT's full-year earnings has moved 9.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, BOOT has gained about 99.9% so far this year. In comparison, Retail-Wholesale companies have returned an average of 14.2%. This means that Boot Barn is outperforming the sector as a whole this year.
Another stock in the Retail-Wholesale sector, Carvana (CVNA - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 146.9%.
For Carvana, the consensus EPS estimate for the current year has increased 123.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Boot Barn belongs to the Retail - Apparel and Shoes industry, which includes 40 individual stocks and currently sits at #87 in the Zacks Industry Rank. On average, stocks in this group have gained 4.8% this year, meaning that BOOT is performing better in terms of year-to-date returns.
Carvana, however, belongs to the Internet - Commerce industry. Currently, this 37-stock industry is ranked #61. The industry has moved +16% so far this year.
Investors with an interest in Retail-Wholesale stocks should continue to track Boot Barn and Carvana. These stocks will be looking to continue their solid performance.
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Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Boot Barn (BOOT - Free Report) 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.
Boot Barn is a member of our Retail-Wholesale group, which includes 211 different companies and currently sits at #9 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 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. Boot Barn is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for BOOT's full-year earnings has moved 9.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, BOOT has gained about 99.9% so far this year. In comparison, Retail-Wholesale companies have returned an average of 14.2%. This means that Boot Barn is outperforming the sector as a whole this year.
Another stock in the Retail-Wholesale sector, Carvana (CVNA - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 146.9%.
For Carvana, the consensus EPS estimate for the current year has increased 123.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Boot Barn belongs to the Retail - Apparel and Shoes industry, which includes 40 individual stocks and currently sits at #87 in the Zacks Industry Rank. On average, stocks in this group have gained 4.8% this year, meaning that BOOT is performing better in terms of year-to-date returns.
Carvana, however, belongs to the Internet - Commerce industry. Currently, this 37-stock industry is ranked #61. The industry has moved +16% so far this year.
Investors with an interest in Retail-Wholesale stocks should continue to track Boot Barn and Carvana. These stocks will be looking to continue their solid performance.