Fossil Group Inc. (NASDAQ:FOSL) shares fell 2.3% on Tuesday . The stock traded as low as $28.75 and last traded at $28.77, with a volume of 244,358 shares traded. The stock had previously closed at $29.45.

Several research firms recently weighed in on FOSL. Piper Jaffray Cos. restated 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. reaffirmed a “hold” rating on shares of Fossil Group in a research note on Thursday, May 12th. Bank of America Corp. reaffirmed a “sell” rating and issued a $20.00 target price on shares of Fossil Group in a research note on Wednesday, May 11th. S&P Equity Research lowered Fossil Group from a “buy” rating to a “strong sell” rating and set a $22.00 target price for the company. in a research note on Friday, May 13th. Finally, Mizuho cut their target price on Fossil Group from $36.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, May 11th. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $30.89.

The company has a market capitalization of $1.33 billion and a PE ratio of 9.57. The firm’s 50-day moving average is $30.50 and its 200 day moving average is $35.51.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.12 earnings per share (EPS) for the quarter, beating 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. During the same quarter last year, the firm earned $1.12 EPS. The business’s revenue was down 7.4% on a year-over-year basis. Analysts anticipate that Fossil Group Inc. will post $1.87 EPS 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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