Piper Jaffray Reiterates “Overweight” Rating for Fossil Group (FOSL)
A number of other firms have also recently commented on FOSL. 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. Separately, 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. 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 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’s stock. The company currently has an average rating of “Buy” and a consensus price target of $123.18.
Shares of Fossil Group (NASDAQ:FOSL) opened at 102.25 on Wednesday. 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. and its 200-day moving average is $108.8. The company has a market cap of $5.472 billion and a price-to-earnings ratio of 15.61. Fossil Group also was the target of unusually large options trading on Monday. Stock investors purchased 8,781 call options on the company. This is an increase of approximately 1,115% compared to the typical daily volume of 723 call options.
Fossil Group (NASDAQ:FOSL) last released its earnings data on Tuesday, August 12th. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters 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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