Fossil Group Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:FOSL)
Fossil Group (NASDAQ:FOSL) has earned a consensus recommendation of “Buy” from the seventeen brokerages that are presently covering the stock, American Banking and Market News reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $121.33.
Shares of Fossil Group (NASDAQ:FOSL) opened at 100.00 on Monday. Fossil Group has a 1-year low of $95.25 and a 1-year high of $134.99. The stock’s 50-day moving average is $100.9 and its 200-day moving average is $108.1. The company has a market cap of $5.291 billion and a P/E ratio of 15.34.
Fossil Group (NASDAQ:FOSL) last announced its earnings results 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. Analysts expect that Fossil Group will post $7.17 EPS for the current fiscal year.
A number of analysts have recently weighed in on FOSL shares. Analysts at Zacks reiterated a “neutral” rating on shares of Fossil Group in a research note on Thursday, August 14th. 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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