Fossil Group Inc. (FOSL) Given a $25.00 Price Target by Piper Jaffray Cos. Analysts
Fossil Group Inc. (NASDAQ:FOSL) received a $25.00 price objective from equities researchers at Piper Jaffray Cos. in a note issued to investors on Tuesday. The firm presently has a a “sell” rating on the stock. Piper Jaffray Cos.’s target price points to a potential downside of 14.32% from the stock’s current price.
A number of other equities research analysts have also issued reports on FOSL. TheStreet lowered Fossil Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 7th. Mizuho increased their price target on Fossil Group from $27.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 10th. Jefferies Group reiterated a “hold” rating on shares of Fossil Group in a research note on Monday, September 12th. Cowen and Company reiterated a “market perform” rating and issued a $30.00 price target on shares of Fossil Group in a research note on Wednesday, August 10th. Finally, Zacks Investment Research upgraded Fossil Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 6th. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.89.
Shares of Fossil Group (NASDAQ:FOSL) opened at 29.18 on Tuesday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 10.09 and a beta of 1.89. Fossil Group has a 52 week low of $26.03 and a 52 week high of $58.18. The firm’s 50-day moving average price is $29.46 and its 200 day moving average price is $33.67.
Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm earned $685 million during the quarter, compared to analyst estimates of $670.97 million. Fossil Group had a return on equity of 16.91% and a net margin of 4.49%. During the same period in the prior year, the business posted $1.12 EPS. Fossil Group’s revenue was down 7.4% on a year-over-year basis. On average, equities research analysts forecast that Fossil Group will post $1.87 EPS for the current year.
Institutional investors have recently modified their holdings of the company. Vulcan Value Partners LLC raised its position in shares of Fossil Group by 4.1% in the second quarter. Vulcan Value Partners LLC now owns 11,611,725 shares of the company’s stock worth $331,283,000 after buying an additional 459,907 shares during the period. Bank of New York Mellon Corp raised its position in shares of Fossil Group by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 2,958,131 shares of the company’s stock worth $84,395,000 after buying an additional 17,464 shares during the period. Vanguard Group Inc. raised its position in shares of Fossil Group by 5.3% in the second quarter. Vanguard Group Inc. now owns 2,949,371 shares of the company’s stock worth $84,146,000 after buying an additional 149,439 shares during the period. Eminence Capital LP raised its position in shares of Fossil Group by 19.8% in the second quarter. Eminence Capital LP now owns 2,136,408 shares of the company’s stock worth $60,952,000 after buying an additional 352,570 shares during the period. Finally, BlackRock Fund Advisors raised its position in shares of Fossil Group by 48.7% in the second quarter. BlackRock Fund Advisors now owns 2,064,524 shares of the company’s stock worth $58,901,000 after buying an additional 675,764 shares during the period. 95.52% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Fossil Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fossil Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.