Fossil Given Consensus Rating of “Hold” by Brokerages (NASDAQ:FOSL)
Fossil (NASDAQ:FOSL) has been given an average rating of “Hold” by the twenty brokerages that are presently covering the stock, American Banking News reports. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $127.19.
Shares of Fossil (NASDAQ:FOSL) traded up 5.24% during mid-day trading on Wednesday, hitting $123.09. The stock had a trading volume of 616,648 shares. Fossil has a 52-week low of $89.50 and a 52-week high of $134.99. The stock’s 50-day moving average is $116.4 and its 200-day moving average is $119.5. The company has a market cap of $6.795 billion and a P/E ratio of 18.09. Fossil also was the target of some unusual options trading on Tuesday. Stock investors purchased 13,960 put options on the stock. This is an increase of approximately 679% compared to the average volume of 1,792 put options.
Fossil (NASDAQ:FOSL) last announced its earnings results on Tuesday, February 11th. The company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.24. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $2.27 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts predict that Fossil will post $7.22 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on FOSL shares. Analysts at Jefferies Group set a $150.00 price target on shares of Fossil in a research note on Wednesday. Separately, analysts at Sterne Agee initiated coverage on shares of Fossil in a research note on Tuesday, February 4th. They set a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Fossil in a research note on Wednesday, January 15th. They now have a $123.00 price target on the stock.
Fossil Group, Inc, formerly Fossil, Inc, a global designer, marketer and distributer company that specializes in consumer fashion accessories.
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