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Is lululemon athletica (LULU) Outperforming Other Consumer Discretionary Stocks This Year?

Zacks Equity Research
Updated
Crown Castle (CCI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. lululemon athletica (LULU) 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? One simple way to answer this question is to take a look at the year-to-date performance of LULU and the rest of the Consumer Discretionary group's stocks.

lululemon athletica is a member of our Consumer Discretionary group, which includes 243 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. LULU is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for LULU's full-year earnings has moved 11.46% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

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Our latest available data shows that LULU has returned about 94.35% since the start of the calendar year. Meanwhile, the Consumer Discretionary sector has returned an average of 3.92% on a year-to-date basis. As we can see, lululemon athletica is performing better than its sector in the calendar year.

To break things down more, LULU belongs to the Textile - Apparel industry, a group that includes 24 individual companies and currently sits at #21 in the Zacks Industry Rank. On average, stocks in this group have gained 25.24% this year, meaning that LULU is performing better in terms of year-to-date returns.

Investors with an interest in Consumer Discretionary stocks should continue to track LULU. The stock will be looking to continue its solid performance.


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