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

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 Group ( FOSL) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Fossil Group fell $2.16 (-2.1%) to $100.12 on heavy volume. Throughout the day, 1,610,114 shares of Fossil Group exchanged hands as compared to its average daily volume of 762,200 shares. The stock ranged in price between $99.09-$104.20 after having opened the day at $102.94 as compared to the previous trading day's close of $102.28. Other companies within the Consumer Durables industry that declined today were: Furniture Brands International ( FBN), down 7.3%, Global-Tech Advanced Innovations ( GAI), down 6.2%, SGOCO Group ( SGOC), down 5.8% and Whirlpool Corporation ( WHR), down 5.8%.
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Fossil Group, 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. Fossil Group has a market cap of $6.3 billion and is part of the consumer goods sector. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7. Shares are up 9.9% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Fossil Group a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Fossil Group 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, solid stock price performance and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Marine Products Corporation ( MPX), down 4.3%, Steelcase ( SCS), down 4.1%, Hooker Furniture Corporation ( HOFT), down 4.0% and Knoll ( KNL), down 4.0% , were all gainers within the consumer durables industry with Sony Corporation ( SNE) being today's featured consumer durables industry leader.

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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