Fossil (NASDAQ:FOSL) Inventory Turn Major Differentiator

Barclays (NYSE:BCS) said they're maintaining their "Equalweight" rating on Fossil (NASDAQ:FOSL), citing long-term sustainable growth and inventory turn.

Barclays said, "We attended Fossil's 2010 Investor Meeting and Product Review in New York City: The company is well positioned for long-term, sustainable growth through its two core businesses, which include the Fossil brand and the multi-brand watch portfolio...Emporio
Armani and Michael Kors, which are each over $100 mm in revenue, could
double over the next several years, and we expect Diesel, Michele, and
Burberry to approach or exceed $100 mm in revenue next year...Fossil turns inventory approximately four times per year vs. the industry average of approximately one time per year, which we believe can be a critical differentiator within a fashion-oriented industry."

Fossil soared Thursday, closing at $69.03, gaining $2.21, or 3.31 percent. Barclays has a price target of $75 on the fashion company.