The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Hasbro (HAS) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Hasbro is a member of the Consumer Discretionary sector. This group includes 243 individual stocks and currently holds a Zacks Sector Rank of #8. 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 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. Hasbro is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for HAS' full-year earnings has moved 3.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that HAS has returned about 16.7% since the start of the calendar year. At the same time, Consumer Discretionary stocks have lost an average of 9.5%. This means that Hasbro is outperforming the sector as a whole this year.
Another stock in the Consumer Discretionary sector, Flexsteel Industries (FLXS), has outperformed the sector so far this year. The stock's year-to-date return is 41.8%.
For Flexsteel Industries, the consensus EPS estimate for the current year has increased 13.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Hasbro belongs to the Toys - Games - Hobbies industry, a group that includes 3 individual stocks and currently sits at #196 in the Zacks Industry Rank. On average, this group has gained an average of 4.8% so far this year, meaning that HAS is performing better in terms of year-to-date returns.
In contrast, Flexsteel Industries falls under the Furniture industry. Currently, this industry has 7 stocks and is ranked #230. Since the beginning of the year, the industry has moved -17.3%.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Hasbro and Flexsteel Industries as they could maintain their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).