Fossil Group Inc. (FOSL) Trading 5% Higher
Shares of Fossil Group Inc. (NASDAQ:FOSL) traded 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 traded. The stock had previously closed at $28.27.
Several analysts recently weighed in on the company. Pacific Crest restated an “equal weight” rating on shares of Fossil Group in a research note on Tuesday, April 19th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Fossil Group in a research note on Thursday, May 12th. Bank of America Corp. reiterated a “sell” rating and set a $20.00 target price on shares of Fossil Group in a research note on Wednesday, May 11th. Zacks Investment Research upgraded Fossil Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 28th. Finally, Vetr upgraded Fossil Group from a “sell” rating to a “hold” rating and set a $39.37 target price on the stock in a research note on Friday, April 29th. Seven equities research 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 company has a consensus rating of “Hold” and an average target price of $36.97.
The stock has a 50 day moving average of $28.38 and a 200 day moving average of $36.24. The stock has a market capitalization of $1.42 billion and a price-to-earnings ratio of 7.58.
Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.03. During the same period in the prior year, the business posted $0.75 EPS. The business had revenue of $659.80 million for the quarter, compared to analyst estimates of $666.36 million. The business’s revenue for the quarter was down 9.0% on a year-over-year basis. On average, analysts forecast that Fossil Group Inc. will post $2.11 EPS for the current year.
Other hedge funds and institutional investors have recently modified their holdings of the company. Hodges Capital Management Inc. purchased a new position in shares of Fossil Group during the fourth quarter worth $7,555,000. Columbia Wanger Asset Management LLC increased its position 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 worth $56,109,000 after buying an additional 184,516 shares during the period. Pacifica Capital Investments LLC purchased a new position in shares of Fossil Group during the fourth quarter worth $5,061,000. Nationwide Fund Advisors increased its position 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 worth $5,709,000 after buying an additional 45,390 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of Fossil Group by 109.3% in the fourth quarter. Schroder Investment Management Group now owns 48,561 shares of the company’s stock worth $1,775,000 after buying an additional 25,361 shares during the period.
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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