Telsey Advisory Group Boosts Fossil Group (FOSL) Price Target to $15.00

Fossil Group (NASDAQ:FOSL) had its target price lifted by stock analysts at Telsey Advisory Group from $7.00 to $15.00 in a report released on Wednesday. The firm currently has a “market perform” rating on the accessories brand company’s stock. Telsey Advisory Group’s target price suggests a potential upside of 65.93% from the company’s previous close.

FOSL has been the topic of several other research reports. Buckingham Research reduced their price target on shares of Fossil Group from $9.00 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 8th. Bank of America reduced their price target on shares of Fossil Group from $7.00 to $4.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 8th. Zacks Investment Research upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. BidaskClub upgraded shares of Fossil Group from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Finally, ValuEngine downgraded shares of Fossil Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.58.

Fossil Group (FOSL) opened at $9.04 on Wednesday. The stock has a market cap of $407.15, a PE ratio of -1.26 and a beta of 0.65. The company has a current ratio of 2.32, a quick ratio of 1.09 and a debt-to-equity ratio of 0.68. Fossil Group has a 52-week low of $5.50 and a 52-week high of $23.49.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Tuesday, February 13th. The accessories brand company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.24. Fossil Group had a negative net margin of 12.33% and a positive return on equity of 4.75%. During the same quarter in the prior year, the business posted $1.03 EPS. analysts forecast that Fossil Group will post -0.73 earnings per share for the current year.

In other Fossil Group news, EVP Martin Frey bought 7,500 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were bought at an average cost of $7.41 per share, for a total transaction of $55,575.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 12.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Unison Advisors LLC acquired a new stake in shares of Fossil Group in the 4th quarter valued at approximately $107,000. Seven Eight Capital LP acquired a new stake in shares of Fossil Group in the 4th quarter valued at approximately $109,000. Acadian Asset Management LLC acquired a new stake in shares of Fossil Group in the 2nd quarter valued at approximately $113,000. LS Investment Advisors LLC raised its position in shares of Fossil Group by 173.7% in the 2nd quarter. LS Investment Advisors LLC now owns 4,117 shares of the accessories brand company’s stock valued at $117,000 after acquiring an additional 2,613 shares during the period. Finally, Invictus RG raised its position in shares of Fossil Group by 113.5% in the 1st quarter. Invictus RG now owns 2,690 shares of the accessories brand company’s stock valued at $119,000 after acquiring an additional 1,430 shares during the period. Institutional investors own 92.48% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/14/telsey-advisory-group-boosts-fossil-group-fosl-price-target-to-15-00.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.

Analyst Recommendations for Fossil Group (NASDAQ:FOSL)

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.

Leave a Reply