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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Fossil ( FOSL) pushed the Consumer Durables industry higher today making it today's featured consumer durables winner. The industry as a whole closed the day up 0.7%. By the end of trading, Fossil rose $2.08 (2.2%) to $97.12 on average volume. Throughout the day, 648,096 shares of Fossil exchanged hands as compared to its average daily volume of 798,700 shares. The stock ranged in a price between $95.10-$97.30 after having opened the day at $95.34 as compared to the previous trading day's close of $95.04. Other companies within the Consumer Durables industry that increased today were: Global-Tech Advanced Innovations ( GAI), up 10.3%, Elecsys Corporation ( ESYS), up 6.8%, Cobra Electronics Corporation ( COBR), up 4.1%, and Chromcraft Revington ( CRC), up 3.8%.
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Fossil, Inc. designs, develops, markets, and distributes consumer fashion accessories worldwide. Fossil has a market cap of $5.64 billion and is part of the consumer goods sector. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7. Shares are up 1% year to date as of the close of trading on Thursday. Currently there are six analysts that rate Fossil a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Fossil as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Sony Corporation ( SNE), down 3%, Entertainment Gaming Asia ( EGT), down 2.4%, Black Diamond ( BDE), down 2.3%, and Universal Electronics ( UEIC), down 1.9%, were all laggards within the consumer durables industry with Hasbro ( HAS) being today's consumer durables industry laggard.

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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