Fossil Receives New Coverage from Analysts at Piper Jaffray Cos. (FOSL)
Stock analysts at Piper Jaffray Cos. initiated coverage on shares of Fossil (NASDAQ:FOSL) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Shares of Fossil (NASDAQ:FOSL) traded down 2.54% on Tuesday, hitting $115.69. The stock had a trading volume of 623,530 shares. Fossil has a one year low of $78.75 and a one year high of $129.25. The stock’s 50-day moving average is $116.2 and its 200-day moving average is $107.6. The company has a market cap of $6.533 billion and a P/E ratio of 19.37.
Fossil (NASDAQ:FOSL) last posted its quarterly 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.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Fossil in a research note to investors on Friday, September 27th. They now have a $122.00 price target on the stock. Separately, analysts at Nomura initiated coverage on shares of Fossil in a research note to investors on Monday, September 9th. They set a “neutral” rating and a $114.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Fossil 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. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $113.94.
In other Fossil news, Director Jal Shroff sold 15,000 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $117.12, for a total value of $1,756,800.00. Following the transaction, the director now directly owns 1,127 shares in the company, valued at approximately $131,994. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Fossil Group, Inc, formerly Fossil, Inc, a global designer, marketer and distributer company that specializes in consumer fashion accessories.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.