Fossil Group Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:FOSL)
Shares of Fossil Group (NASDAQ:FOSL) have earned an average recommendation of “Buy” from the seventeen brokerages that are covering the company, AnalystRatings.Net reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $121.33.
Fossil Group (NASDAQ:FOSL) traded up 1.31% during mid-day trading on Monday, hitting $98.29. 100,405 shares of the company’s stock traded hands. Fossil Group has a 52-week low of $95.25 and a 52-week high of $134.99. The stock’s 50-day moving average is $101.6 and its 200-day moving average is $108.5. The company has a market cap of $5.200 billion and a P/E ratio of 14.94.
Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results 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. Analysts expect that Fossil Group will post $7.17 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Fossil Group in a research note on Thursday. They now have a $101.00 price target on the stock. Separately, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Fossil Group in a research note on Wednesday, August 13th. Finally, 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, August 11th.
Fossil Group, Inc, formerly Fossil, Inc, a global designer, marketer and distributer company that specializes in consumer fashion accessories.
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