Shares of Fossil Group Inc. (NASDAQ:FOSL) have been assigned an average recommendation of “Hold” from the twenty ratings firms that are presently covering the stock. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $30.80.
Several brokerages have weighed in on FOSL. Zacks Investment Research raised shares of Fossil Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 6th. Piper Jaffray Cos. set a $25.00 price target on shares of Fossil Group and gave the company a “sell” rating in a report on Tuesday, September 20th. Nomura lowered their price target on shares of Fossil Group from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Wednesday, August 10th. Mizuho lifted their price target on shares of Fossil Group from $27.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, August 10th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Fossil Group in a report on Monday, September 12th.
Shares of Fossil Group (NASDAQ:FOSL) opened at 30.35 on Tuesday. The firm has a 50-day moving average of $29.49 and a 200 day moving average of $33.50. Fossil Group has a 1-year low of $26.03 and a 1-year high of $58.18. The stock has a market capitalization of $1.46 billion, a PE ratio of 10.50 and a beta of 1.89.
Fossil Group (NASDAQ:FOSL) last announced its 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. The company earned $685 million during the quarter, compared to analyst estimates of $670.97 million. Fossil Group had a net margin of 4.49% and a return on equity of 16.91%. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 earnings per share. Analysts predict that Fossil Group will post $1.87 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Fund Advisors boosted its position in Fossil Group by 115.6% in the first quarter. BlackRock Fund Advisors now owns 1,388,760 shares of the company’s stock worth $61,689,000 after buying an additional 744,537 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Fossil Group by 7.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,205,338 shares of the company’s stock worth $53,541,000 after buying an additional 79,683 shares during the last quarter. Texas Permanent School Fund boosted its position in Fossil Group by 126.7% in the first quarter. Texas Permanent School Fund now owns 33,094 shares of the company’s stock worth $1,470,000 after buying an additional 18,498 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Fossil Group by 7.4% in the first quarter. JPMorgan Chase & Co. now owns 95,732 shares of the company’s stock worth $4,253,000 after buying an additional 6,569 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in Fossil Group during the first quarter worth approximately $986,000. Institutional investors and hedge funds 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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