Fossil Group Inc. (FOSL) Trading Down 2.3%
Fossil Group Inc. (NASDAQ:FOSL)’s share price was down 2.3% during mid-day trading on Tuesday . The company traded as low as $28.75 and last traded at $28.77, with a volume of 244,358 shares. The stock had previously closed at $29.45.
A number of equities analysts have issued reports on FOSL shares. Piper Jaffray Cos. reiterated an “underweight” rating and set a $25.00 price target on shares of Fossil Group in a research report on Wednesday, August 24th. TheStreet cut Fossil Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 7th. S&P Equity Research cut Fossil Group from a “buy” rating to a “strong sell” rating and set a $22.00 target price for the company. in a report on Friday, May 13th. Nomura reduced their target price on Fossil Group from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Wednesday, August 10th. Finally, Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Fossil Group in a report on Thursday, May 12th. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $30.89.
The stock’s 50-day moving average price is $30.55 and its 200-day moving average price is $35.56. The company has a market capitalization of $1.38 billion and a PE ratio of 9.89.
Fossil Group (NASDAQ:FOSL) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $685 million for the quarter, compared to analyst estimates of $670.97 million. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.12 earnings per share. Equities research analysts anticipate that Fossil Group Inc. will post $1.87 EPS for the current 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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