Shares of Fossil Group Inc. (NASDAQ:FOSL) were down 4.8% during mid-day trading on Tuesday . The company traded as low as $30.04 and last traded at $30.05, with a volume of 923,031 shares trading hands. The stock had previously closed at $31.57.

A number of analysts have recently issued reports on FOSL shares. Piper Jaffray Cos. reaffirmed an “underweight” rating and set a $25.00 price target on shares of Fossil Group in a report on Wednesday, June 22nd. Vetr downgraded shares of Fossil Group from a “hold” rating to a “sell” rating and set a $39.50 price target on the stock. in a report on Wednesday, April 13th. Jefferies Group reaffirmed a “hold” rating and set a $32.00 price target (down previously from $40.00) on shares of Fossil Group in a report on Friday, May 13th. TheStreet downgraded shares of Fossil Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 7th. Finally, Topeka Capital Markets dropped their price target on shares of Fossil Group from $60.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, May 11th. Seven 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’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $36.97.

The company has a market cap of $1.45 billion and a PE ratio of 7.70. The stock’s 50 day moving average is $29.51 and its 200-day moving average is $35.82.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The firm had revenue of $659.80 million for the quarter, compared to analysts’ expectations of $666.36 million. During the same quarter in the prior year, the business posted $0.75 EPS. The firm’s quarterly revenue was down 9.0% on a year-over-year basis. On average, equities analysts expect that Fossil Group Inc. will post $2.07 EPS for the current year.

Other large investors have recently modified their holdings of the company. Aberdeen Asset Management PLC UK raised 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 worth $1,087,000 after buying an additional 580 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of Fossil Group by 0.6% in the fourth quarter. BlackRock Advisors LLC now owns 296,139 shares of the company’s stock worth $10,827,000 after buying an additional 1,636 shares in the last quarter. Norinchukin Bank The raised 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 worth $1,000,000 after buying an additional 3,040 shares in the last quarter. California Public Employees Retirement System raised 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 worth $5,619,000 after buying an additional 14,200 shares in the last quarter. Finally, ProShare Advisors LLC raised 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 worth $1,064,000 after buying an additional 14,709 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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