Is Flexsteel Industries (FLXS) Stock Outpacing Its Consumer Discretionary Peers This Year?

The Consumer Discretionary sector offers a variety of stocks for investors to consider, but it’s important to find companies that are outperforming their peers. Flexsteel Industries (FLXS) is one such stock worth looking into. Let’s dive into its year-to-date performance to see how it’s faring.

Flexsteel Industries is part of the Consumer Discretionary sector, which consists of 286 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank evaluates the strength of each group based on the average Zacks Rank of the individual stocks within the sector.

With a Zacks Rank of #2 (Buy), Flexsteel Industries is showing promising signs. The Zacks Rank is a reliable model that identifies stocks with the potential to outperform the market in the short to medium term by focusing on earnings estimate revisions and companies with improving earnings outlooks.

Analyst sentiment towards FLXS seems positive, as the Zacks Consensus Estimate for its full-year earnings has increased by 7.2% in the past quarter. This reflects a favorable earnings outlook trend.

Year-to-date, FLXS has seen a significant gain of about 98%, surpassing the average loss of 3.8% in the Consumer Discretionary group. Another stock worth mentioning is Gildan Activewear (GIL), which has returned 1.4% so far this year and holds a Zacks Rank of #2 (Buy).

Flexsteel Industries operates in the Furniture industry, which includes 11 stocks and currently ranks at #231 in the Zacks Industry Rank. Despite the industry’s average loss of 4% this year, FLXS is performing better in terms of year-to-date returns.

On the other hand, Gildan Activewear belongs to the Textile – Apparel industry, which consists of 21 stocks and is ranked at #219. The industry has experienced a decline of -18.4% since the beginning of the year.

Investors interested in Consumer Discretionary stocks should keep an eye on both Flexsteel Industries and Gildan Activewear as they continue to deliver solid performances. It’s important to stay updated on the latest recommendations from Zacks Investment Research to make informed investment decisions.