Fossil (NASDAQ:FOSL) had its target price lifted by Telsey Advisory Group from $130.00 to $140.00 in a research note released on Wednesday morning, Analyst RN reports. They currently have a not rated rating on the stock.
FOSL has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a buy rating on shares of Fossil in a research note to investors on Tuesday. Separately, analysts at Piper Jaffray Cos. upgraded shares of Fossil from a neutral rating to an overweight rating in a research note to investors on Wednesday, October 23rd. They now have a $147.00 price target on the stock, up previously from $121.00. Finally, analysts at Piper Jaffray Cos. initiated coverage on shares of Fossil in a research note to investors on Tuesday, October 8th. They set a neutral rating on the stock. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $122.75.
Shares of Fossil (NASDAQ:FOSL) traded up 1.97% on Wednesday, hitting $128.05. The stock had a trading volume of 283,420 shares. Fossil has a one year low of $78.75 and a one year high of $134.99. The stock’s 50-day moving average is $121.5 and its 200-day moving average is $112.0. The company has a market cap of $7.231 billion and a price-to-earnings ratio of 20.48. Fossil also saw unusually large options trading on Wednesday. Stock traders acquired 9,818 put options on the company. This is an increase of approximately 546% compared to the average daily volume of 1,520 put options.
Fossil (NASDAQ:FOSL) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $1.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.36 by $0.22. The company had revenue of $810.00 million for the quarter, compared to the consensus estimate of $772.46 million. During the same quarter last year, the company posted $1.26 earnings per share. Fossil’s revenue was up 18.4% compared to the same quarter last year. Analysts expect that Fossil will post $6.32 EPS for the current fiscal year.
Fossil Group, Inc, formerly Fossil, Inc, a global designer, marketer and distributer company that specializes in consumer fashion accessories.
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