NEW YORK (
) hit a new 52-week high Thursday as it traded at $85.53 compared with its previous 52-Week high of $85.20. Fossil is changing hands at $85.42 with 469,400 shares traded as of 2:26 p.m. ET. Average volume has been 908,900 shares over the past 30 days.
Fossil has a market cap of $5.3 billion and is part of the
industry. Shares are up 19.6% year to date as of the close of trading on Wednesday.
Fossil, Inc. designs, develops, markets, and distributes fashion accessories worldwide. The company has a P/E ratio of 22, equal to the average consumer durables industry P/E ratio and above the S&P 500 P/E ratio of 16.
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TheStreet Ratings rates Fossil as a buy. 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, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full
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