Fossil Stock Soars (FOSL)

NEW YORK ( TheStreet) -- Shares of Fossil (Nasdaq: FOSL) have taken a tremendous swing upward. The stock is trading at $84.77 as of 9:30 a.m. ET, 21.5% above Monday's closing price of $69.79. Volume is at 387,799, 0.2 times the daily average of 1.7 million.

Fossil has a market cap of $4.24 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 12.1% year to date as of the close of trading on Monday.

Fossil, Inc. designs, develops, markets, and distributes consumer fashion accessories worldwide. The company has a P/E ratio of 14.6, equal to the average consumer durables industry P/E ratio and below 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 growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. 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.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.

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