Fossil Group Rating Increased to Hold at Brean Capital (FOSL)
Fossil Group (NASDAQ:FOSL) was upgraded by Brean Capital from a “sell” rating to a “hold” rating in a research note issued on Monday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Fossil Group (NASDAQ:FOSL) traded up 0.39% on Monday, hitting $102.30. The stock had a trading volume of 295,641 shares. Fossil Group has a one year low of $97.02 and a one year high of $134.99. The stock’s 50-day moving average is $109.1 and its 200-day moving average is $117.2. The company has a market cap of $5.534 billion and a price-to-earnings ratio of 15.41.
Fossil Group (NASDAQ:FOSL) last released its earnings data on Tuesday, May 13th. The company reported $1.22 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.21 earnings per share. Fossil Group’s revenue was up 14.1% compared to the same quarter last year. Analysts expect that Fossil Group will post $7.13 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Fossil Group in a research note on Friday. They now have a $106.00 price target on the stock. Separately, analysts at Credit Agricole upgraded shares of Fossil Group from an “outperform” rating to a “buy” rating in a research note on Wednesday, May 14th. Finally, analysts at Telsey Advisory Group cut their price target on shares of Fossil Group from $140.00 to $136.00 in a research note on Wednesday, May 14th. They now have a “not rated” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $123.21.
Fossil Group, Inc, formerly Fossil, Inc, a global designer, marketer and distributer company that specializes in consumer fashion accessories.
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