Is GIII Apparel Group (GIII) Stock Outpacing Its Consumer Discretionary Peers This Year?

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Is G-III Apparel Group (GIII) one of those stocks right now? 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.

G-III Apparel Group is one of 259 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #11 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. G-III Apparel Group is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for GIII's full-year earnings has moved 0.7% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, GIII has moved about 2.8% on a year-to-date basis. In comparison, Consumer Discretionary companies have returned an average of -10%. This means that G-III Apparel Group is outperforming the sector as a whole this year.

Another stock in the Consumer Discretionary sector, Airbnb, Inc. (ABNB), has outperformed the sector so far this year. The stock's year-to-date return is 29.5%.

The consensus estimate for Airbnb, Inc.'s current year EPS has increased 7.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, G-III Apparel Group belongs to the Textile - Apparel industry, which includes 23 individual stocks and currently sits at #184 in the Zacks Industry Rank. Stocks in this group have lost about 0.4% so far this year, so GIII is performing better this group in terms of year-to-date returns.

Airbnb, Inc., however, belongs to the Leisure and Recreation Services industry. Currently, this 29-stock industry is ranked #165. The industry has moved -4.4% so far this year.

G-III Apparel Group and Airbnb, Inc. could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.

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This article originally published on Zacks Investment Research (zacks.com).

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