Fossil Group Inc. (NASDAQ:FOSL) shares rose 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.

FOSL has been the subject of a number of research analyst reports. Piper Jaffray Cos. reaffirmed an “underweight” rating and issued a $25.00 price target on shares of Fossil Group in a report on Wednesday, June 22nd. Vetr cut Fossil Group from a “hold” rating to a “sell” rating and set a $39.50 price target for the company. in a report on Wednesday, April 13th. Jefferies Group reaffirmed a “hold” rating and issued a $32.00 price target (down from $40.00) on shares of Fossil Group in a report on Friday, May 13th. Finally, TheStreet cut Fossil Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 7th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. Fossil Group has a consensus rating of “Hold” and an average target price of $36.97.

The stock has a market capitalization of $1.49 billion and a PE ratio of 7.92. The firm has a 50-day moving average price of $29.13 and a 200-day moving average price of $35.79.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings data 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 analysts’ expectations of $666.36 million. The company’s revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 earnings per share. On average, analysts expect that Fossil Group Inc. will post $2.07 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the company. 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 in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Fossil Group by 1.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 49,405 shares of the company’s stock valued at $1,806,000 after buying an additional 836 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Fossil Group by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 78,506 shares of the company’s stock valued at $2,870,000 after buying an additional 1,281 shares in the last quarter. 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 in the last quarter. Finally, 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.