Fossil Group Sees Significant Increase in Short Interest (FOSL)
Shares of Fossil Group (NASDAQ:FOSL) saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 4,176,864 shares, an increase of 19.6% from the July 31st total of 3,491,965 shares, Analyst Ratings.Net reports. Based on an average daily trading volume, of 971,826 shares, the days-to-cover ratio is currently 4.3 days. Currently, 9.0% of the company’s shares are sold short.
In other Fossil Group news, Director Elaine B. Agather sold 2,500 shares of Fossil Group stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $102.54, for a total transaction of $256,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
FOSL has been the subject of a number of recent research reports. 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $121.33.
Shares of Fossil Group (NASDAQ:FOSL) opened at 101.23 on Thursday. Fossil Group has a 1-year low of $95.25 and a 1-year high of $134.99. The stock has a 50-day moving average of $100.4 and a 200-day moving average of $107.1. The company has a market cap of $5.356 billion and a price-to-earnings ratio of 15.70.
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. Analysts expect that Fossil Group will post $7.17 EPS 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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