Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Carter's (CRI) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
Carter's is a member of the Consumer Discretionary sector. This group includes 259 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Carter's is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CRI's full-year earnings has moved 3.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CRI has moved about 17.5% on a year-to-date basis. In comparison, Consumer Discretionary companies have returned an average of -8.9%. As we can see, Carter's is performing better than its sector in the calendar year.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Lindblad Expeditions (LIND). The stock has returned 91.9% year-to-date.
In Lindblad Expeditions' case, the consensus EPS estimate for the current year increased 221.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Carter's is a member of the Shoes and Retail Apparel industry, which includes 10 individual companies and currently sits at #52 in the Zacks Industry Rank. On average, this group has lost an average of 26.1% so far this year, meaning that CRI is performing better in terms of year-to-date returns.
In contrast, Lindblad Expeditions falls under the Leisure and Recreation Services industry. Currently, this industry has 28 stocks and is ranked #94. Since the beginning of the year, the industry has moved -7%.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Carter's and Lindblad Expeditions as they attempt to continue their solid performance.
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Carter's, Inc. (CRI): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).