Fossil Group Inc (FOSL) Receives $12.88 Average PT from Brokerages
Shares of Fossil Group Inc (NASDAQ:FOSL) have earned an average recommendation of “Hold” from the eighteen analysts that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $12.88.
A number of equities analysts have commented on the company. ValuEngine cut Fossil Group from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Buckingham Research reduced their target price on Fossil Group from $9.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, November 8th. Telsey Advisory Group increased their target price on Fossil Group from $7.00 to $15.00 and gave the company a “market perform” rating in a report on Wednesday, February 14th. BidaskClub raised Fossil Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Finally, KeyCorp reissued an “overweight” rating and set a $25.00 target price (up previously from $15.00) on shares of Fossil Group in a report on Wednesday, February 14th.
Shares of Fossil Group (NASDAQ:FOSL) traded up $0.44 during trading on Friday, hitting $13.80. The company’s stock had a trading volume of 2,367,762 shares, compared to its average volume of 4,610,000. Fossil Group has a fifty-two week low of $5.50 and a fifty-two week high of $18.79. The firm has a market capitalization of $691.74, a PE ratio of -1.50 and a beta of -0.12. The company has a quick ratio of 1.41, a current ratio of 2.54 and a debt-to-equity ratio of 0.76.
A number of institutional investors have recently modified their holdings of FOSL. Millennium Management LLC grew its position in Fossil Group by 378.4% in the fourth quarter. Millennium Management LLC now owns 1,369,533 shares of the accessories brand company’s stock worth $10,641,000 after acquiring an additional 1,083,233 shares during the period. Contrarius Investment Management Ltd grew its position in Fossil Group by 511.8% in the third quarter. Contrarius Investment Management Ltd now owns 1,111,463 shares of the accessories brand company’s stock worth $10,370,000 after acquiring an additional 929,803 shares during the period. Commerzbank Aktiengesellschaft FI grew its position in Fossil Group by 177.5% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 548,529 shares of the accessories brand company’s stock worth $5,118,000 after acquiring an additional 350,865 shares during the period. Royce & Associates LP grew its position in Fossil Group by 20,504.9% in the fourth quarter. Royce & Associates LP now owns 351,520 shares of the accessories brand company’s stock worth $2,731,000 after acquiring an additional 349,814 shares during the period. Finally, Two Sigma Advisers LP grew its position in Fossil Group by 123.2% in the fourth quarter. Two Sigma Advisers LP now owns 617,275 shares of the accessories brand company’s stock worth $4,796,000 after acquiring an additional 340,763 shares during the period. Institutional investors own 98.45% of the company’s stock.
Fossil Group Company Profile
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.
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