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

Aug 1, 2013 5:00 PM EDT

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Fossil Group ( 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 0.8%. By the end of trading, Fossil Group rose $4.19 (3.8%) to $114.09 on average volume. Throughout the day, 994,462 shares of Fossil Group exchanged hands as compared to its average daily volume of 683,300 shares. The stock ranged in a price between $110.99-$115.00 after having opened the day at $110.99 as compared to the previous trading day's close of $109.90. Other companies within the Consumer Durables industry that increased today were: Sony Corporation ( SNE), up 4.4%, Herman Miller ( MLHR), up 3.6%, Brunswick Corporation ( BC), up 3.3% and Ballantyne Strong ( BTN), up 3.2%.

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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 $6.6 billion and is part of the consumer goods sector. Shares are up 12.9% year to date as of the close of trading on Wednesday. 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

You can view the full Fossil Group Ratings Report.

On the negative front, Global-Tech Advanced Innovations ( GAI), down 4.9%, Furniture Brands International ( FBN), down 4.7%, Kid Brands ( KID), down 4.3% and Appliance Recycling Centers Of America ( ARCI), down 3.7% , were all laggards within the consumer durables industry with Clorox Company ( CLX) being today's consumer durables industry laggard.

Use our consumer durables section to find industry-relevant news.
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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).