Insider Selling: Fossil Director Sells 4,000 Shares of Stock (FOSL)
Fossil (NASDAQ:FOSL) Director Mark Quick sold 4,000 shares of Fossil stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $114.33, for a total transaction of $457,320.00. Following the completion of the sale, the director now directly owns 23,345 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
FOSL has been the subject of a number of recent research reports. Analysts at Nomura initiated coverage on shares of Fossil (NASDAQ:FOSL) in a research note to investors on Monday, September 9th. 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 analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Fossil has a consensus rating of “Hold” and an average price target of $114.29.
Shares of Fossil (NASDAQ:FOSL) traded up 0.09% on Friday, hitting $118.59. 1,325,220 shares of the company’s stock traded hands. 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 $116.6 and a 200-day moving average of $106.3. The company has a market cap of $6.697 billion and a P/E ratio of 19.33.
Fossil (NASDAQ:FOSL) last released its earnings data on Tuesday, August 6th. The company reported $1.10 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.92 earnings per share. Fossil’s revenue was up 11.0% compared to the same quarter last year. Analysts expect that Fossil will post $6.30 EPS 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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