Fossil Group (FOSL) Releases Quarterly Earnings Results
Fossil Group (NASDAQ:FOSL) released its earnings data on Tuesday. The company reported $0.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.96 by $0.02, AnalystRatings.NET reports. The company had revenue of $773.80 million for the quarter, compared to the consensus estimate of $771.01 million.
Shares of Fossil Group (NASDAQ:FOSL) traded down 0.93% on Tuesday, hitting $102.25. The stock had a trading volume of 1,398,292 shares. Fossil Group has a 52 week low of $97.29 and a 52 week high of $134.99. The stock’s 50-day moving average is $102.2 and its 200-day moving average is $108.9. The company has a market cap of $5.472 billion and a P/E ratio of 15.61. Fossil Group also was the recipient of unusually large options trading activity on Monday. Traders bought 8,781 call options on the company. This represents an increase of 1,115% compared to the average volume of 723 call options.
A number of analysts have recently weighed in on FOSL shares. Analysts at Sterne Agee cut their price target on shares of Fossil Group from $115.00 to $108.00 in a research note on Monday. On a related note, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average 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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