The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Ralph Lauren (RL) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Ralph Lauren is a member of the Consumer Discretionary sector. This group includes 259 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 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. Ralph Lauren is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for RL's full-year earnings has moved 1.7% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, RL has returned 6.5% so far this year. At the same time, Consumer Discretionary stocks have lost an average of 10.7%. This shows that Ralph Lauren is outperforming its peers so far this year.
Another Consumer Discretionary stock, which has outperformed the sector so far this year, is Rush Street Interactive, Inc. (RSI). The stock has returned 77.7% year-to-date.
In Rush Street Interactive, Inc.'s case, the consensus EPS estimate for the current year increased 15.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Ralph Lauren belongs to the Textile - Apparel industry, which includes 22 individual stocks and currently sits at #174 in the Zacks Industry Rank. Stocks in this group have gained about 0.2% so far this year, so RL is performing better this group in terms of year-to-date returns.
In contrast, Rush Street Interactive, Inc. falls under the Gaming industry. Currently, this industry has 41 stocks and is ranked #182. Since the beginning of the year, the industry has moved -15.9%.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Ralph Lauren and Rush Street Interactive, Inc. as they attempt to continue their solid performance.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ralph Lauren Corporation (RL): Free Stock Analysis Report
Rush Street Interactive, Inc. (RSI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).