Insider Selling: Fossil Director Unloads 15,000 Shares of Stock (FOSL)
Fossil (NASDAQ:FOSL) Director Jal Shroff unloaded 15,000 shares of Fossil stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $113.86, for a total value of $1,707,900.00. Following the transaction, the director now directly owns 1,127 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on FOSL. Analysts at Nomura initiated coverage on shares of Fossil (NASDAQ:FOSL) in a research note to investors on Monday. They set a “neutral” rating and a $114.00 price target on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Fossil (NASDAQ:FOSL) from $98.00 to $120.00 in a research note to investors on Wednesday, August 7th. They now have a “market perform” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Fossil (NASDAQ:FOSL) from $130.00 to $145.00 in a research note to investors on Wednesday, August 7th.
Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $114.29.
Fossil (NASDAQ:FOSL) traded up 0.69% on Wednesday, hitting $116.08. The stock had a trading volume of 765,242 shares. Fossil has a 1-year low of $78.75 and a 1-year high of $129.25. The stock has a 50-day moving average of $115. and a 200-day moving average of $105.7. The company has a market cap of $6.555 billion and a price-to-earnings ratio of 18.81.
Fossil (NASDAQ:FOSL) last announced its earnings results on Tuesday, August 6th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.17. The company had revenue of $706.00 million for the quarter, compared to the consensus estimate of $691.20 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts predict that Fossil will post $6.30 earnings per share for the current fiscal year.
Fossil Group, Inc, formerly Fossil, Inc, a global designer, marketer and distributer company that specializes in consumer fashion accessories.
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