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

A number of research analysts have recently weighed in on the stock. 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 research note on Thursday, May 5th. Piper Jaffray Cos. reissued an “underweight” rating and set a $25.00 price objective (down from $29.00) on shares of Fossil Group in a research note on Friday, May 13th. Telsey Advisory Group dropped 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 research note on Wednesday, May 11th. Jefferies Group reissued a “hold” rating and set a $32.00 price objective (down from $40.00) on shares of Fossil Group in a research note on Friday, May 13th. Finally, Topeka Capital Markets dropped their price objective on shares of Fossil Group from $60.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, May 11th. Seven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $36.97.

The firm’s 50-day moving average is $28.82 and its 200-day moving average is $36.00. The firm has a market cap of $1.38 billion and a price-to-earnings ratio of 7.35.

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

Other institutional investors have made changes to their positions in the company. Hodges Capital Management Inc. acquired a new position in shares of Fossil Group during the fourth quarter worth about $7,555,000. 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 in the last quarter. 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 in the last quarter. Pacifica Capital Investments LLC acquired a new position in shares of Fossil Group during the fourth quarter worth about $5,061,000. Finally, 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 in 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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