Piper Jaffray Cos. Analysts Give Fossil Group Inc. (FOSL) a $25.00 Price Target
Fossil Group Inc. (NASDAQ:FOSL) has been assigned a $25.00 target price by Piper Jaffray Cos. in a report released on Tuesday. The brokerage currently has a a “sell” rating on the stock. Piper Jaffray Cos.’s price target indicates a potential downside of 10.49% from the stock’s current price.
Other analysts also recently issued reports about the company. Jefferies Group reiterated a “hold” rating on shares of Fossil Group in a report on Monday, September 12th. Zacks Investment Research upgraded Fossil Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 6th. Cowen and Company reiterated a “market perform” rating and issued a $30.00 price target on shares of Fossil Group in a report on Wednesday, August 10th. Nomura lowered their price target on Fossil Group from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Wednesday, August 10th. Finally, Mizuho increased their price target on Fossil Group from $27.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, August 10th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. Fossil Group presently has an average rating of “Hold” and an average target price of $30.89.
Shares of Fossil Group (NASDAQ:FOSL) traded up 2.7171% during trading on Tuesday, reaching $28.6889. The company had a trading volume of 867,553 shares. Fossil Group has a 52-week low of $26.03 and a 52-week high of $58.95. The stock has a 50 day moving average of $29.49 and a 200 day moving average of $33.70. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 9.9235 and a beta of 1.89.
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Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. Fossil Group had a return on equity of 16.91% and a net margin of 4.49%. The firm earned $685 million during the quarter, compared to the consensus estimate of $670.97 million. During the same period in the prior year, the firm earned $1.12 EPS. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. Equities research analysts forecast that Fossil Group will post $1.87 EPS for the current year.
Large investors have recently made changes to their positions in the stock. LS Investment Advisors LLC raised its stake in shares of Fossil Group by 173.7% in the second quarter. LS Investment Advisors LLC now owns 4,117 shares of the company’s stock valued at $117,000 after buying an additional 2,613 shares during the last quarter. Invictus RG raised its stake in shares of Fossil Group by 113.5% in the first quarter. Invictus RG now owns 2,690 shares of the company’s stock valued at $119,000 after buying an additional 1,430 shares during the last quarter. Societe Generale purchased a new stake in shares of Fossil Group during the second quarter valued at approximately $133,000. Emerald Acquisition Ltd. purchased a new stake in shares of Fossil Group during the second quarter valued at approximately $143,000. Finally, Teacher Retirement System of Texas raised its stake in shares of Fossil Group by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 6,064 shares of the company’s stock valued at $173,000 after buying an additional 742 shares during the last quarter. Institutional investors own 95.52% of the company’s stock.
About Fossil Group
Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments are Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity.
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