Oppenheimer Lowers Fossil Group Price Target to $105.00 (FOSL)
Oppenheimer dropped their price objective on shares of Fossil Group (NASDAQ:FOSL) from $120.00 to $105.00 in a research note issued on Wednesday, Analyst Ratings Net reports. The firm currently has a “market perform” rating on the stock. Oppenheimer’s price target would indicate a potential downside of 5.79% from the company’s current price.
FOSL has been the subject of a number of other recent research reports. Analysts at Benchmark Co. upgraded shares of Fossil Group from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $125.00 price target on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Fossil Group from a “neutral” rating to a “buy” rating in a research note on Thursday, May 8th. Finally, analysts at Macquarie cut their price target on shares of Fossil Group from $120.00 to $110.00 in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $122.93.
Fossil Group (NASDAQ:FOSL) traded down 8.93% during mid-day trading on Wednesday, hitting $101.50. The stock had a trading volume of 3,217,433 shares. Fossil Group has a one year low of $97.02 and a one year high of $134.99. The stock has a 50-day moving average of $110.6 and a 200-day moving average of $117.7. The company has a market cap of $5.482 billion and a price-to-earnings ratio of 16.99. Fossil Group also was the target of unusually large options trading activity on Monday. Stock traders bought 6,071 put options on the company. This represents an increase of 850% compared to the typical daily volume of 639 put options.
Fossil Group (NASDAQ:FOSL) last released its earnings data on Tuesday, May 13th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. The company had revenue of $776.50 million for the quarter, compared to the consensus estimate of $771.55 million. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts expect that Fossil Group will post $7.20 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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