Investors focused on the Consumer Discretionary space have likely heard of Rocky Brands (RCKY), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.
Rocky Brands is one of 249 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #10 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. RCKY is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for RCKY's full-year earnings has moved 28.20% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, RCKY has returned 27.78% so far this year. In comparison, Consumer Discretionary companies have returned an average of 0.47%. This means that Rocky Brands is performing better than its sector in terms of year-to-date returns.
Looking more specifically, RCKY belongs to the Shoes and Retail Apparel industry, which includes 15 individual stocks and currently sits at #83 in the Zacks Industry Rank. This group has gained an average of 5.56% so far this year, so RCKY is performing better in this area.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to RCKY as it looks to continue its solid performance.
Rocky Brands, Inc. (RCKY): Free Stock Analysis Report
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