Fossil Group (FOSL) Receives Price Target

Fossil Group (FOSL) : Currently there are 8 street experts covering Fossil Group (FOSL) stock. The most bullish and bearish price target for the stock is $34 and $20 respectively for the short term. The average price target of all the analysts comes to $27.75. The estimated standard deviation from the target is $4.71.

Fossil Group (FOSL) : 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Fossil Group (FOSL). Zacks Investment Research suggests a Sell with a rank of 4. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 11 Wall Street Analysts endorse the stock as a Hold with a rating of 3.45.


Also, Equity Analysts at the Brokerage Firm, Nomura, maintains their rating on the shares of Fossil Group (NASDAQ:FOSL). Nomura has a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $23 per share from a prior target of $25. The rating by the firm was issued on August 10, 2016.

Fossil Group (NASDAQ:FOSL): The stock opened at $28.53 on Thursday but the bulls could not build on the opening and the stock topped out at $28.94 for the day. The stock traded down to $27.57 during the day, due to lack of any buying support eventually closed down at $28.15 with a loss of -1.44% for the day. The stock had closed at $28.56 on the previous day. The total traded volume was 1,009,969 shares.

Fossil Group, Inc. is a global designer, marketer and distributor company that specializes in consumer fashion accessories. The Companys offerings include a line of mens and womens fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories, and select apparel. The Company operates in four different segments: the North America Wholesale segment, the Europe Wholesale segment, Asia Pacific Wholesale segment and the Direct to Consumer segment. Its products are distributed globally through various distribution channels, including wholesale, retail stores and commercial Websites. The Company sells its products through a diversified distribution network that includes department stores, specialty retail locations, specialty watch and jewelry stores, Company-owned retail and factory outlet stores, mass market stores, and through its FOSSIL Website.

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