Fossil Inc. (FOSL): Today's Featured Consumer Durables Laggard

Fossil ( FOSL) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Fossil fell 98 cents (-1.1%) to $84.56 on average volume. Throughout the day, 1.3 million shares of Fossil exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in price between $84.02-$88 after having opened the day at $86.81 as compared to the previous trading day's close of $85.54. Other companies within the Consumer Durables industry that declined today were: Furniture Brands International ( FBN), down 7.1%, Appliance Recycling Centers ( ARCI), down 7%, Escalade ( ESCA), down 4.8%, and Kid Brands ( KID), down 4.7%.

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 consumer goods sector. The company has a P/E ratio of 18, 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 9% year to date as of the close of trading on Monday. 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 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.

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 ( XLY) while those bearish on the consumer durables industry could consider ProShares Ultra Sht Consumer Goods ( SZK).
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