Fossil Group Inc. (NASDAQ:FOSL) shot up 5% on Friday . The stock traded as high as $29.92 and last traded at $29.68, with a volume of 465,124 shares. The stock had previously closed at $28.27.

Several research firms recently weighed in on FOSL. Vetr raised shares of Fossil Group from a “sell” rating to a “hold” rating and set a $39.37 price objective for the company in a report on Thursday, May 5th. Piper Jaffray Cos. reaffirmed an “underweight” rating and issued a $25.00 price objective (down previously from $29.00) on shares of Fossil Group in a report on Friday, May 13th. Telsey Advisory Group reduced their price objective on shares of Fossil Group from $40.00 to $32.00 and set a “market perform” rating for the company in a report on Wednesday, May 11th. Jefferies Group reaffirmed a “hold” rating and issued a $32.00 price objective (down previously from $40.00) on shares of Fossil Group in a report on Friday, May 13th. Finally, Topeka Capital Markets reduced their price objective on shares of Fossil Group from $60.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, May 11th. Seven investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $36.97.

The firm has a 50-day moving average of $28.30 and a 200-day moving average of $36.29. The company has a market cap of $1.42 billion and a PE ratio of 7.58.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.03. The firm earned $659.80 million during the quarter, compared to the consensus estimate of $666.36 million. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period last year, the firm posted $0.75 earnings per share. On average, equities research analysts forecast that Fossil Group Inc. will post $2.12 earnings per share for the current fiscal year.

Several large investors recently modified their holdings of the stock. Columbia Wanger Asset Management LLC boosted its stake in shares of Fossil Group by 13.7% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 1,534,706 shares of the company’s stock valued at $56,109,000 after buying an additional 184,516 shares during the last quarter. Hodges Capital Management Inc. bought a new stake in shares of Fossil Group during the fourth quarter valued at $7,555,000. Nationwide Fund Advisors boosted its stake in shares of Fossil Group by 41.0% in the fourth quarter. Nationwide Fund Advisors now owns 156,146 shares of the company’s stock valued at $5,709,000 after buying an additional 45,390 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Fossil Group by 10.2% in the fourth quarter. California Public Employees Retirement System now owns 153,700 shares of the company’s stock valued at $5,619,000 after buying an additional 14,200 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its stake in shares of Fossil Group by 362.6% in the fourth quarter. Engineers Gate Manager LP now owns 146,297 shares of the company’s stock valued at $5,349,000 after buying an additional 114,671 shares during the last quarter.

Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments are Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity.

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