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Is Boot Barn Holdings (BOOT) Stock Outpacing Its Retail-Wholesale Peers This Year?

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Boot Barn Holdings (BOOT) 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 Holdings is a member of the Retail-Wholesale sector. This group includes 218 individual stocks and currently holds a Zacks Sector Rank of #8. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BOOT 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 7.77% 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 59.89% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 10.77% on a year-to-date basis. As we can see, Boot Barn Holdings is performing better than its sector in the calendar year.

Looking more specifically, BOOT belongs to the Retail - Apparel and Shoes industry, which includes 42 individual stocks and currently sits at #39 in the Zacks Industry Rank. Stocks in this group have gained about 6.73% so far this year, so BOOT is performing better this group in terms of year-to-date returns.

Investors in the Retail-Wholesale sector will want to keep a close eye on BOOT as it attempts to continue its solid performance.


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