Fossil Group Inc. (NASDAQ:FOSL) shares traded down 5.5% during trading on Friday . The stock traded as low as $28.39 and last traded at $28.97, with a volume of 1,131,042 shares traded. The stock had previously closed at $30.67.

A number of brokerages have issued reports on FOSL. Piper Jaffray Cos. restated an “underweight” rating and set a $25.00 price target on shares of Fossil Group in a research note on Wednesday, June 22nd. TheStreet lowered shares of Fossil Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 7th. Vetr lowered shares of Fossil Group from a “strong-buy” rating to a “buy” rating and set a $29.55 price target on the stock. in a research note on Tuesday, May 17th. S&P Equity Research lowered shares of Fossil Group from a “buy” rating to a “strong sell” rating and set a $22.00 price target on the stock. in a research note on Friday, May 13th. Finally, Jefferies Group restated a “hold” rating and set a $32.00 price target (down previously from $40.00) on shares of Fossil Group in a research note on Friday, May 13th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. Fossil Group currently has an average rating of “Hold” and a consensus target price of $36.97.

The company’s 50 day moving average price is $28.79 and its 200 day moving average price is $36.06. The firm has a market capitalization of $1.38 billion and a price-to-earnings ratio of 7.35.

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

Other institutional investors have made changes to their positions in the company. Aberdeen Asset Management PLC UK boosted its position in shares of Fossil Group by 3.0% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 19,946 shares of the company’s stock worth $1,087,000 after buying an additional 580 shares during the last quarter. Norinchukin Bank The boosted its position in shares of Fossil Group by 12.5% in the fourth quarter. Norinchukin Bank The now owns 27,354 shares of the company’s stock worth $1,000,000 after buying an additional 3,040 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Fossil Group by 102.1% in the fourth quarter. ProShare Advisors LLC now owns 29,113 shares of the company’s stock worth $1,064,000 after buying an additional 14,709 shares during the last quarter. GSA Capital Partners LLP boosted its position in shares of Fossil Group by 188.9% in the fourth quarter. GSA Capital Partners LLP now owns 37,912 shares of the company’s stock worth $1,386,000 after buying an additional 24,789 shares during the last quarter. Finally, Schroder Investment Management Group boosted 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 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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