Fossil Inc. (FOSL): Today's Featured Consumer Durables Winner
(
) pushed the Consumer Durables industry higher today making it today's featured consumer durables winner. The industry as a whole closed the day up 3.5%. By the end of trading, Fossil Inc rose $6 (7.4%) to $87.26 on light volume. Throughout the day, one million shares of Fossil Inc exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in a price between $85.36-$88.33 after having opened the day at $87.59 as compared to the previous trading day's close of $81.26. Other companies within the Consumer Durables industry that increased today were:
Virco Manufacturing Corporation
(
), up 13.3%,
(
), up 10.4%,
(
), up 9.6%, and
(
), up 9.5%.
Fossil, Inc. designs, develops, markets, and distributes fashion accessories worldwide. Fossil Inc has a market cap of $5.2 billion and is part of the
sector. The company has a P/E ratio of 19.7, below the average consumer durables industry P/E ratio of 19.8 and above the S&P 500 P/E ratio of 17.7. Shares are up 15.3% year to date as of the close of trading on Friday.
TheStreet Ratings rates Fossil as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Fossil Ratings Report.
- Use our consumer durables section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer durables industry could consider
Consumer Discretionary Sel Sec SPDR
(
) while those bearish on the consumer durables industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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