Fossil and SolarWinds Hit New 52-Week Highs
Fossil (NASDAQ: FOSL) and SolarWinds (NYSE: SWI) reached new 52-week highs of $110.61 and $26.42 per share, respectively, in Tuesday morning trading.
Fossil was recently upgraded to Buy at ISI Group, which has a $120 price target on the stock. Fossil has a market cap of $6.8 billion and is a leading U.S. watchmaker and retailer of watches and other accessories.
The company has a P/E ratio that is lower than the industry average, a PEG ratio of 1.1, and a return on equity of 15.9%. Its long-term EPS growth forecast is 19.8%. Shares are up more than 50% year to date, outperforming the industry average, as well as the broader markets.
SolarWinds has topped consensus earnings estimates in every quarter since its 2009 IPO. The company develops, markets and supports enterprise information technology infrastructure management software to IT professionals, and it has a market cap of $1.9 billion.
Its return on equity is 34.5% and the long-term EPS growth forecast is 19.0%. But the P/E ratio is 33.2 and the PEG ratio is 1.5, suggesting overvaluation. Still, the stock is about 36% higher year to date, outperforming competitors CA (NASDAQ: CA) and Hewlett-Packard (NYSE: HPQ), as well as the application software industry average.
