NEW YORK ( TheStreet) -- Fossil (Nasdaq: FOSL) hit a new 52-week high Thursday as it is currently trading at $136.55, above its previous 52-week high of $135.98 with 253,389 shares traded as of 10:35 a.m. ET. Average volume has been 1.2 million shares over the past 30 days. Fossil has a market cap of $5.76 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 68.5% year to date as of the close of trading on Wednesday. Fossil, Inc. designs, develops, markets, and distributes consumer fashion accessories worldwide. The company has a P/E ratio of 29.2, above the average consumer durables industry P/E ratio of 22 and above the S&P 500 P/E ratio of 17.7.
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, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Fossil Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.