Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day down 0.9%. By the end of trading, Fossil fell $1.23 (-1.4%) to $86.78 on light volume. Throughout the day, one million shares of Fossil exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in price between $86.67-$88.13 after having opened the day at $87.84 as compared to the previous trading day's close of $88.01. Other companies within the Consumer Durables industry that declined today were:
), down 11.3%,
), down 9.3%,
), down 5.6%, and
), down 5.4%.
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Fossil, Inc. designs, develops, markets, and distributes consumer fashion accessories worldwide. Fossil has a market cap of $5.41 billion and is part of the
sector. The company has a P/E ratio of 18.3, below the average consumer durables industry P/E ratio of 18.7 and above the S&P 500 P/E ratio of 17.7. Shares are up 10.9% year to date as of the close of trading on Wednesday. Currently there are five analysts that rate Fossil a buy, no analysts rate it a sell, and seven rate it a hold.
TheStreet Ratings rates Fossil as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Fossil Ratings Report.
- Use our consumer durables section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer durables industry could consider
) while those bearish on the consumer durables industry could consider
- Find other investment ideas from our top rated ETFs lists.