Fossil Group Inc. (NASDAQ:FOSL)’s share price traded up 1.5% during mid-day trading on Monday . The company traded as high as $30.27 and last traded at $29.85, with a volume of 511,230 shares changing hands. The stock had previously closed at $29.42.

A number of equities analysts have issued reports on the stock. Vetr raised shares of Fossil Group from a “sell” rating to a “hold” rating and set a $39.37 price objective on the stock in a research note on Friday, April 29th. Jefferies Group reaffirmed a “hold” rating and issued a $32.00 price objective (down from $40.00) on shares of Fossil Group in a research note 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 on the stock in a research note on Wednesday, May 11th. Bank of America Corp. reaffirmed a “sell” rating and issued a $20.00 price objective on shares of Fossil Group in a research note on Wednesday, May 11th. Finally, Piper Jaffray Cos. reaffirmed an “underweight” rating and issued a $25.00 price objective (down from $29.00) on shares of Fossil Group in a research note on Friday, May 13th. 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 company. The company currently has an average rating of “Hold” and an average price target of $36.97.

The firm has a market capitalization of $1.45 billion and a price-to-earnings ratio of 7.74. The firm’s 50-day moving average price is $28.99 and its 200-day moving average price is $35.75.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The business earned $659.80 million during the quarter, compared to analyst estimates of $666.36 million. During the same period last year, the firm earned $0.75 EPS. Fossil Group’s revenue for the quarter was down 9.0% compared to the same quarter last year. On average, analysts forecast that Fossil Group Inc. will post $2.07 EPS for the current year.

Several hedge funds have recently modified their holdings of FOSL. Norinchukin Bank The boosted its stake 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 valued at $1,000,000 after buying an additional 3,040 shares during the period. ProShare Advisors LLC boosted its stake 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 valued at $1,064,000 after buying an additional 14,709 shares during the period. Aberdeen Asset Management PLC UK boosted its stake 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 valued at $1,087,000 after buying an additional 580 shares during the period. GSA Capital Partners LLP boosted its stake 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 valued at $1,386,000 after buying an additional 24,789 shares during the period. Finally, Schroder Investment Management Group boosted its stake 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 valued at $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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