Fossil Group (NASDAQ:FOSL) has received a short term rating of strong sell from experts at Zacks with a rank of 5. The stock has been rated an average of 3.5 by 10 Brokerage Firm. 7 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Macquarie downgrades their rating on the shares of Fossil Group (NASDAQ:FOSL). The current rating of the shares is Underperform. Earlier, the shares were rated a Neutral by the brokerage firm. Equity Analysts at the Firm maintains the price target to $34 per share. The rating by the firm was issued on March 16, 2016.
Fossil Group (NASDAQ:FOSL): The mean estimate for the short term price target for Fossil Group (NASDAQ:FOSL) stands at $28.57 according to 7 Analysts. The higher price target estimate for the stock has been calculated at $34 while the lower price target estimate is at $20.
Fossil Group (NASDAQ:FOSL) rose 1.96% or 0.6 points on Tuesday and made its way into the gainers of the day. After trading began at $30.81 the stock was seen hitting $31.606 as a peak level and $30.52 as the lowest level. The stock ended up at $31.29. The daily volume was measured at 1,399,043 shares. The 52-week high of the share price is $73.505 and the 52-week low is $26.42. The company has a market cap of $1,505 million.
Shares of Fossil Group, Inc. rose by 15.85% in the last five trading days and 14.95% for the last 4 weeks. Fossil Group, Inc. has dropped 30.71% during the last 3-month period . Year-to-Date the stock performance stands at -14.41%.
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.