Fossil Group (NASDAQ:FOSL) had its target price boosted by equities researchers at Buckingham Research from $5.00 to $8.00 in a report issued on Wednesday. The firm presently has an “underperform” rating on the accessories brand company’s stock. Buckingham Research’s price target suggests a potential downside of 52.86% from the stock’s previous close.
Several other research analysts have also weighed in on FOSL. KeyCorp reiterated an “overweight” rating and set a $25.00 price objective (up from $15.00) on shares of Fossil Group in a report on Wednesday. Telsey Advisory Group increased their price objective on shares of Fossil Group from $7.00 to $15.00 and gave the stock a “market perform” rating in a report on Wednesday. BidaskClub lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. ValuEngine lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Zacks Investment Research lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Six analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $12.75.
Shares of Fossil Group (NASDAQ FOSL) traded up $7.93 during mid-day trading on Wednesday, hitting $16.97. 42,090,576 shares of the stock traded hands, compared to its average volume of 2,390,000. The stock has a market cap of $823.52, a price-to-earnings ratio of -2.36 and a beta of 0.65. Fossil Group has a 1-year low of $5.50 and a 1-year high of $23.49. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.09 and a current ratio of 2.32.
In other Fossil Group news, EVP Martin Frey purchased 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were purchased at an average price of $7.41 per share, for a total transaction of $55,575.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.80% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of FOSL. Contrarius Investment Management Ltd raised its stake in shares of Fossil Group by 511.8% during the third quarter. Contrarius Investment Management Ltd now owns 1,111,463 shares of the accessories brand company’s stock valued at $10,370,000 after purchasing an additional 929,803 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in shares of Fossil Group by 177.5% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 548,529 shares of the accessories brand company’s stock valued at $5,118,000 after purchasing an additional 350,865 shares during the period. Royce & Associates LP raised its stake in shares of Fossil Group by 20,504.9% during the fourth quarter. Royce & Associates LP now owns 351,520 shares of the accessories brand company’s stock valued at $2,731,000 after purchasing an additional 349,814 shares during the period. Two Sigma Advisers LP raised its stake in shares of Fossil Group by 123.2% during the fourth quarter. Two Sigma Advisers LP now owns 617,275 shares of the accessories brand company’s stock valued at $4,796,000 after purchasing an additional 340,763 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Fossil Group by 17.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,043,074 shares of the accessories brand company’s stock valued at $21,146,000 after purchasing an additional 296,119 shares during the period. Institutional investors own 92.48% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Fossil Group (FOSL) Given New $8.00 Price Target at Buckingham Research” was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/14/fossil-group-fosl-given-new-8-00-price-target-at-buckingham-research.html.
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.
Receive News & Ratings for Fossil Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fossil Group and related companies with MarketBeat.com's FREE daily email newsletter.