Fossil Group Inc. (FOSL) Trading Down 3.3%
Fossil Group Inc. (NASDAQ:FOSL)’s share price fell 3.3% on Wednesday . The company traded as low as $30.68 and last traded at $30.69, with a volume of 620,154 shares changing hands. The stock had previously closed at $31.73.
A number of research firms recently weighed in on FOSL. Piper Jaffray Cos. reiterated a “sell” rating and issued a $25.00 price objective on shares of Fossil Group in a research report on Sunday, July 17th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Fossil Group in a research report on Thursday, May 12th. Bank of America Corp. reiterated a “sell” rating and issued a $20.00 price objective on shares of Fossil Group in a research report on Wednesday, May 11th. Zacks Investment Research upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. Finally, Vetr upgraded 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 report on Friday, April 29th. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $30.89.
The firm’s 50-day moving average is $30.44 and its 200 day moving average is $35.70. The stock has a market capitalization of $1.45 billion and a PE ratio of 10.41.
Fossil Group (NASDAQ:FOSL) last issued its earnings results on Tuesday, August 9th. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The company earned $685 million during the quarter, compared to analyst estimates of $670.97 million. Fossil Group’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.12 earnings per share. On average, analysts expect that Fossil Group Inc. will post $1.87 earnings per share for the current fiscal year.
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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