Fossil Group, Inc. (NASDAQ:FOSL) had its price target reduced by Cowen and Company from $25.00 to $21.00 in a report issued on Thursday morning. Cowen and Company currently has a hold rating on the stock.
A number of other brokerages have also recently issued reports on FOSL. TheStreet upgraded shares of Fossil Group from a sell rating to a hold rating in a research report on Wednesday, December 7th. Piper Jaffray Companies upgraded shares of Fossil Group from an underweight rating to a neutral rating and raised their price objective for the company from $23.00 to $32.00 in a research report on Monday, November 21st. KeyCorp upgraded shares of Fossil Group from a sector weight rating to an overweight rating and set a $42.00 price objective for the company in a research report on Wednesday, November 16th. Pacific Crest upgraded shares of Fossil Group from an underweight rating to an overweight rating and set a $42.00 price objective for the company in a research report on Wednesday, November 16th. Finally, Wells Fargo & Company restated a hold rating and issued a $51.00 price objective (up previously from $49.00) on shares of Fossil Group in a research report on Tuesday, October 25th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. Fossil Group has an average rating of Hold and an average price target of $30.10.
Shares of Fossil Group (NASDAQ:FOSL) opened at 22.98 on Thursday. Fossil Group has a 52-week low of $22.46 and a 52-week high of $51.93. The firm has a market capitalization of $1.11 billion, a P/E ratio of 11.18 and a beta of 1.59. The stock’s 50 day moving average is $25.09 and its 200-day moving average is $28.80.
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In other news, Director Elaine B. Agather sold 1,800 shares of Fossil Group stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $31.77, for a total value of $57,186.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Darren E. Hart sold 13,125 shares of Fossil Group stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $34.42, for a total transaction of $451,762.50. The disclosure for this sale can be found here. 13.80% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of FOSL. Emerald Acquisition Ltd. acquired a new stake in Fossil Group during the second quarter worth about $143,000. Teacher Retirement System of Texas increased its stake in Fossil Group by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 6,064 shares of the company’s stock worth $173,000 after buying an additional 742 shares during the period. Renaissance Technologies LLC acquired a new stake in Fossil Group during the fourth quarter worth about $217,000. Dynamic Technology Lab Private Ltd acquired a new stake in Fossil Group during the fourth quarter worth about $255,000. Finally, Jennison Associates LLC acquired a new stake in Fossil Group during the third quarter worth about $282,000. Institutional investors own 95.01% 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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