Fossil Group Inc. (FOSL) Sees Unusually-High Trading Volume
Fossil Group Inc. (NASDAQ:FOSL) shares saw unusually-strong trading volume on Tuesday . Approximately 819,383 shares changed hands during trading, a decline of 4% from the previous session’s volume of 854,413 shares.The stock last traded at $28.02 and had previously closed at $27.34.
A number of research analysts have recently commented on FOSL shares. Jefferies Group reaffirmed a “hold” rating on shares of Fossil Group in a research note on Monday, September 12th. Piper Jaffray Cos. reaffirmed an “underweight” rating and set a $25.00 price objective on shares of Fossil Group in a research note on Wednesday, August 24th. TheStreet downgraded shares of Fossil Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 7th. Nomura dropped their price objective on shares of Fossil Group from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Wednesday, August 10th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $30.00 price objective on shares of Fossil Group in a research note on Wednesday, August 10th. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $30.89.
The firm has a market capitalization of $1.34 billion, a PE ratio of 9.66 and a beta of 1.89. The stock has a 50 day moving average price of $29.49 and a 200-day moving average price of $33.70.
Fossil Group (NASDAQ:FOSL) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The business earned $685 million during the quarter, compared to the consensus estimate of $670.97 million. Fossil Group had a return on equity of 16.91% and a net margin of 4.49%. The firm’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 earnings per share. On average, analysts expect that Fossil Group Inc. will post $1.87 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in FOSL. Canada Pension Plan Investment Board increased its stake in Fossil Group by 3.0% in the first quarter. Canada Pension Plan Investment Board now owns 245,096 shares of the company’s stock worth $10,887,000 after buying an additional 7,100 shares in 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. 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. 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 last quarter. Finally, Algert Global LLC acquired a new position in Fossil Group during the first quarter worth about $371,000. Institutional investors and hedge funds own 95.54% of the company’s stock.
Fossil Group Company Profile
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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