Fossil Rises On Unusually High Volume (FOSL)

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.

NEW YORK ( TheStreet) -- Fossil (Nasdaq: FOSL) is trading at unusually high volume Tuesday with 1.8 million shares changing hands. It is currently at two times its average daily volume and trading up $9.17 (+9.3%) at $108.13 as of 12:40 p.m. ET.

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Fossil has a market cap of $5.81 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 5.5% year to date as of the close of trading on Monday.

Fossil, Inc., together with its subsidiaries, engages in the design, development, marketing, and distribution of consumer fashion accessories worldwide. It operates in four segments: North America Wholesale, Europe Wholesale, Asia Pacific Wholesale, and Direct to Consumer. The company has a P/E ratio of 17.6, 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive 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.

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