Fossil Group Hits New 1-Year Low at $98.27 (FOSL)
Fossil Group (NASDAQ:FOSL)’s share price reached a new 52-week low on Thursday , American Banking & Market News reports. The stock traded as low as $98.27 and last traded at $98.38, with a volume of 178,953 shares trading hands. The stock had previously closed at $99.77.
A number of research firms have recently commented on FOSL. Analysts at Zacks reiterated a “neutral” rating on shares of Fossil Group in a research note on Friday, July 4th. They now have a $113.00 price target on the stock. Separately, analysts at Brean Capital upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a research note on Monday, May 19th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $123.71.
The stock’s 50-day moving average is $103.3 and its 200-day moving average is $109.. The company has a market cap of $5.245 billion and a price-to-earnings ratio of 15.09.
Fossil Group (NASDAQ:FOSL) last announced its earnings results on Tuesday, May 13th. The company reported $1.22 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.21 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. On average, analysts predict that Fossil Group will post $7.14 earnings per share 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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