Fossil Group, Inc. (NASDAQ:FOSL) received a $10.00 price target from Piper Jaffray Companies in a report released on Thursday. The firm currently has a “hold” rating on the accessories brand company’s stock. Piper Jaffray Companies’ target price suggests a potential upside of 24.07% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. Buckingham Research upgraded shares of Fossil Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 20th. BidaskClub upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of Fossil Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 17th. Wells Fargo & Company reiterated an “underperform” rating and set a $8.00 price objective on shares of Fossil Group in a research note on Thursday, August 3rd. Finally, ValuEngine lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $15.90.

Fossil Group (FOSL) traded up 0.74% during mid-day trading on Thursday, hitting $8.12. The stock had a trading volume of 1,379,287 shares. The company has a 50 day moving average price of $8.71 and a 200 day moving average price of $11.50. Fossil Group has a one year low of $6.80 and a one year high of $36.87. The stock’s market cap is $393.99 million.

Fossil Group (NASDAQ:FOSL) last issued its earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.05. The business had revenue of $596.80 million for the quarter, compared to analyst estimates of $617.89 million. Fossil Group had a negative net margin of 11.33% and a positive return on equity of 6.34%. The company’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 EPS. On average, equities analysts anticipate that Fossil Group will post ($0.11) EPS for the current year.

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In related news, VP John A. White acquired 13,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was acquired at an average cost of $7.26 per share, for a total transaction of $94,380.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Darren E. Hart acquired 14,347 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average price of $6.99 per share, with a total value of $100,285.53. The disclosure for this purchase can be found here. Insiders bought 114,945 shares of company stock valued at $923,917 over the last quarter. Insiders own 12.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of FOSL. Wells Fargo & Company MN boosted its holdings in shares of Fossil Group by 1.9% in the first quarter. Wells Fargo & Company MN now owns 31,572 shares of the accessories brand company’s stock valued at $551,000 after acquiring an additional 586 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Fossil Group by 148.8% in the first quarter. Great West Life Assurance Co. Can now owns 57,001 shares of the accessories brand company’s stock valued at $994,000 after acquiring an additional 34,088 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Fossil Group by 10.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 28,132 shares of the accessories brand company’s stock valued at $491,000 after acquiring an additional 2,615 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Fossil Group by 2.0% in the first quarter. First Trust Advisors LP now owns 99,472 shares of the accessories brand company’s stock valued at $1,736,000 after acquiring an additional 1,931 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Fossil Group by 7.3% in the first quarter. Bank of New York Mellon Corp now owns 561,584 shares of the accessories brand company’s stock valued at $9,798,000 after acquiring an additional 38,082 shares in the last quarter.

About Fossil Group

Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include 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.

Analyst Recommendations for Fossil Group (NASDAQ:FOSL)

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