Fossil Group (NASDAQ:FOSL) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
A number of other equities analysts have also weighed in on the company. Buckingham Research lifted their price objective on Fossil Group from $5.00 to $8.00 and gave the company an “underperform” rating in a research note on Wednesday. KeyCorp reiterated an “overweight” rating and set a $25.00 price objective (up previously from $15.00) on shares of Fossil Group in a research note on Wednesday. Telsey Advisory Group lifted their price objective on Fossil Group from $7.00 to $15.00 and gave the company a “market perform” rating in a research note on Wednesday. Zacks Investment Research lowered Fossil Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, BidaskClub lowered Fossil Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Five analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $12.75.
Fossil Group (NASDAQ:FOSL) traded up $7.93 during midday trading on Wednesday, hitting $16.97. The company’s stock had a trading volume of 42,100,000 shares, 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 twelve month low of $5.50 and a twelve month high of $23.49. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.32 and a quick ratio of 1.09.
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 stock was purchased at an average price of $7.41 per share, for a total transaction of $55,575.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.80% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Unison Advisors LLC purchased a new stake in Fossil Group during the 4th quarter worth approximately $107,000. GSA Capital Partners LLP purchased a new stake in Fossil Group during the 2nd quarter worth approximately $120,000. Teacher Retirement System of Texas purchased a new stake in Fossil Group during the 4th quarter worth approximately $120,000. KBC Group NV increased its stake in Fossil Group by 167.9% during the 3rd quarter. KBC Group NV now owns 13,441 shares of the accessories brand company’s stock worth $125,000 after buying an additional 8,424 shares in the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in Fossil Group during the 2nd quarter worth approximately $130,000. Hedge funds and other institutional investors own 92.48% of the company’s stock.
WARNING: This article was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/02/14/valuengine-upgrades-fossil-group-fosl-to-hold.html.
Fossil Group Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.