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Stock analysts at Sterne Agee dropped their price target on shares of Fossil Group (NASDAQ:FOSL) from $115.00 to $108.00 in a report issued on Monday. Sterne Agee’s target price would indicate a potential upside of 3.48% from the stock’s previous close.

Fossil Group (NASDAQ:FOSL) traded down 1.41% on Monday, hitting $102.90. The stock had a trading volume of 588,462 shares. Fossil Group has a 52 week low of $97.29 and a 52 week high of $134.99. The stock has a 50-day moving average of $102.4 and a 200-day moving average of $109.0. The company has a market cap of $5.507 billion and a price-to-earnings ratio of 15.79.

Fossil Group (NASDAQ:FOSL) last issued its quarterly 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. 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.

A number of other firms have also recently commented on FOSL. Analysts at Nomura reiterated a “neutral” rating on shares of Fossil Group in a research note on Friday. They now have a $104.00 price target on the stock, down previously from $114.00. 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. Finally, 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $125.17.

Fossil Group, Inc, formerly Fossil, Inc, a global designer, marketer and distributer company that specializes in consumer fashion accessories.

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