Fossil Group, Inc. (NASDAQ:FOSL) received a $10.00 price objective from analysts at Piper Jaffray Companies in a report released on Thursday. The firm currently has a “hold” rating on the accessories brand company’s stock. Piper Jaffray Companies’ price target would indicate a potential upside of 17.51% from the company’s current price.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Wells Fargo & Company reiterated an “underperform” rating and set a $7.00 target price (down from $8.00) on shares of Fossil Group in a research report on Thursday, August 10th. Jefferies Group LLC reiterated a “hold” rating and set a $13.00 target price on shares of Fossil Group in a research report on Wednesday, August 9th. Buckingham Research cut their target price on shares of Fossil Group from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 9th. Finally, Bank of America Corporation set a $7.00 target price on shares of Fossil Group and gave the stock a “sell” rating in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.90.

Fossil Group (NASDAQ FOSL) opened at 8.51 on Thursday. The firm’s market capitalization is $412.91 million. Fossil Group has a 12 month low of $6.80 and a 12 month high of $36.87. The stock’s 50 day moving average is $8.74 and its 200-day moving average is $11.42.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.05. Fossil Group had a negative net margin of 11.33% and a positive return on equity of 6.34%. The company had revenue of $596.80 million for the quarter, compared to the consensus estimate of $617.89 million. During the same period last year, the company posted $0.12 EPS. The firm’s quarterly revenue was down 12.9% compared to the same quarter last year. Equities analysts anticipate that Fossil Group will post ($0.11) earnings per share for the current fiscal year.

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In related news, Director James M. Zimmerman acquired 36,000 shares of the stock in a transaction dated Friday, August 25th. The stock was bought at an average price of $8.30 per share, for a total transaction of $298,800.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gregory A. Mckelvey acquired 5,712 shares of the stock in a transaction dated Tuesday, August 29th. The stock was bought at an average price of $8.73 per share, with a total value of $49,865.76. The disclosure for this purchase can be found here. Insiders bought a total of 114,945 shares of company stock valued at $923,917 in the last quarter. 12.80% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its stake in shares of Fossil Group by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the accessories brand company’s stock valued at $178,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Fossil Group by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 22,000 shares of the accessories brand company’s stock valued at $228,000 after acquiring an additional 100 shares in the last quarter. Texas Permanent School Fund increased its stake in shares of Fossil Group by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 30,784 shares of the accessories brand company’s stock valued at $319,000 after acquiring an additional 379 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Fossil Group by 1.9% in the 1st quarter. Wells Fargo & Company MN now owns 31,572 shares of the accessories brand company’s stock valued at $551,000 after acquiring an additional 586 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Fossil Group by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,365 shares of the accessories brand company’s stock valued at $357,000 after acquiring an additional 1,288 shares in the last quarter.

About Fossil Group

Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include 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.

Analyst Recommendations for Fossil Group (NASDAQ:FOSL)

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