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Fossil Group (NASDAQ:FOSL)’s share price reached a new 52-week low during trading on Wednesday , reports. The company traded as low as $96.07 and last traded at $97.23, with a volume of 1,665,690 shares. The stock had previously closed at $102.25.

FOSL has been the subject of a number of recent research reports. Analysts at Piper Jaffray reiterated an “overweight” rating on shares of Fossil Group in a research note on Wednesday. Separately, 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. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Fossil Group in a research note on Friday, August 8th. They now have a $104.00 price target on the stock, down previously from $114.00. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $123.18.

The stock’s 50-day moving average is $102. and its 200-day moving average is $108.8. The company has a market cap of $5.167 billion and a P/E ratio of 15.47. Fossil Group also was the recipient of unusually large options trading on Monday. Investors acquired 8,781 call options on the stock. This is an increase of 1,115% compared to the typical volume of 723 call options.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.96 by $0.02. The company had revenue of $773.80 million for the quarter, compared to the consensus estimate of $771.01 million. On average, analysts predict that Fossil Group will post $7.13 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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