Nomura Reiterates “Neutral” Rating for Fossil Group (FOSL)
Fossil Group (NASDAQ:FOSL)‘s stock had its “neutral” rating restated by equities researchers at Nomura in a research report issued on Friday. They currently have a $104.00 target price on the stock, down from their previous target price of $114.00. Nomura’s price target would indicate a potential downside of 0.35% from the company’s current price.
A number of other analysts have also recently weighed in on FOSL. 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. 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $125.75.
Fossil Group (NASDAQ:FOSL) opened at 104.37 on Friday. Fossil Group has a 1-year low of $97.29 and a 1-year high of $134.99. The stock’s 50-day moving average is $102.4 and its 200-day moving average is $109.0. The company has a market cap of $5.586 billion and a P/E ratio of 15.20.
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 $7.14 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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