Fossil Group Inc. (NASDAQ:FOSL) saw an uptick in trading volume on Friday . 2,780,113 shares changed hands during trading, an increase of 139% from the previous session’s volume of 1,162,254 shares.The stock last traded at $30.55 and had previously closed at $29.54.

A number of brokerages have recently weighed in on FOSL. Piper Jaffray Cos. reissued an “underweight” rating and set a $25.00 price objective on shares of Fossil Group in a report on Tuesday, July 26th. TheStreet downgraded shares of Fossil Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 7th. Vetr downgraded shares of Fossil Group from a “strong-buy” rating to a “buy” rating and set a $29.55 target price for the company. in a research report on Tuesday, May 17th. S&P Equity Research downgraded shares of Fossil Group from a “buy” rating to a “strong sell” rating and set a $22.00 target price for the company. in a research report on Friday, May 13th. Finally, Jefferies Group restated a “hold” rating and set a $32.00 target price (down from $40.00) on shares of Fossil Group in a research report on Friday, May 13th. Seven analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $36.97.

The stock’s 50 day moving average is $29.67 and its 200 day moving average is $35.69. The firm has a market capitalization of $1.47 billion and a P/E ratio of 7.84.

Fossil Group (NASDAQ:FOSL) last issued 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 business had revenue of $659.80 million for the quarter, compared to the consensus estimate of $666.36 million. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The business’s revenue was down 9.0% compared to the same quarter last year. Equities analysts expect that Fossil Group Inc. will post $2.06 earnings per share for the current year.

Other hedge funds and institutional investors have modified their holdings of the company. Hodges Capital Management Inc. acquired a new position in shares of Fossil Group during the fourth quarter valued at about $7,555,000. Schroder Investment Management Group increased 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 valued at $1,775,000 after buying an additional 25,361 shares during the last quarter. GSA Capital Partners LLP increased 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 valued at $1,386,000 after buying an additional 24,789 shares during the last quarter. California Public Employees Retirement System increased its position 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 during the last quarter. Finally, BlackRock Advisors LLC increased its position 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 valued at $10,827,000 after buying an additional 1,636 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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