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

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 lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day down 0.7%. By the end of trading, Fossil Group fell $1.76 (-1.4%) to $120.90 on average volume. Throughout the day, 623,039 shares of Fossil Group exchanged hands as compared to its average daily volume of 768,200 shares. The stock ranged in price between $120.64-$123.06 after having opened the day at $122.08 as compared to the previous trading day's close of $122.66. Other companies within the Consumer Durables industry that declined today were: Furniture Brands International ( FBN), down 7.3%, Global-Tech Advanced Innovations ( GAI), down 6.1%, Entertainment Gaming Asia ( EGT), down 3.8% and Ethan Allen Interiors ( ETH), down 3.5%.

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 $6.8 billion and is part of the consumer goods sector. Shares are up 29.1% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Fossil Group a buy, 2 analysts rate it a sell, and 5 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.

On the positive front, Steinway Musical Instruments ( LVB), up 7.9%, SGOCO Group ( SGOC), up 3.1%, Elecsys Corporation ( ESYS), up 2.8% and VeriFone Systems ( PAY), up 2.7%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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