This rating was issued on 2/10/17.
"Fossil Group, Inc. (FOSL) Price Target Cut to $17.00" was first reported by Community Financial News and is the property of of Community Financial News. These analysts and investment firms use various valuation methods to decide a price target for a stock.
Fossil Group, Inc.is involved in designing, marketing and distribution of consumer fashion accessories. As the past trend shows, Fossil Group, Inc.'s stock price has rallied after earnings in 15 of the last 28 quarters. FOSL's seven period stock performance has resulted in shares declining by a -10.27% and sporting a -31.07% return over the last 12 months.
Two Month Ago Analyst Ratings: FOSSIL GROUP, INC. (NASDAQ:FOSL) to Underperform with no specific Price Target. (NASDAQ:FOSL). On this base, 5 score is stated strong sell call. The recent trading ended with the price almost -10.27 lower for the last 5 trading days, rebounding 2.32% from its 52-week low.
Looking forward, for the quarter ending Mar-17, 11 analysts have a mean sales target of 649.88 million. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock.
On May 10, 2016, it recorded $0.2 a share in earnings which topped the consensus estimate of $0.14 (positive surprise of 42.86%). Fossil Group Inc., formerly known as Fossil, Inc.is based in Richardson, Texas. (NASDAQ:FOSL) could bring EPS of $0.31/share. The difference between actual earnings and estimated earnings was $0.05 per share. Thus the company showed an Earnings Surprise of 38.7 Percent. A total of 3.72 million shares exchanged at hands and its average trading volume is standing at 1.2 million shares. Piper Jaffray Companies reissued a "sell" rating and issued a $23.00 target price on shares of Fossil Group in a research note on Tuesday, November 8th.
In addition to Wells Fargo & Company reporting its target price, a total of 12 firms have reported on the stock. On technical aspect, moving averages may help to distinguish path of dispositions, and they may also be used to set degrees of support and resistance.
Many brokerage firms are involved in issuing their ratings on Fossil Group, Inc. The stock is performing -4.65% year to date. Vulcan Value Partners LLC increased its stake in shares of Fossil Group by 4.1% in the second quarter. While mgmt. spoke to progress made thus far in the restructuring: 1) 40 store closures; 2) headcount reduction; & 3) 16% SKU rationalization of traditional watches, the benefits are being eroded in part by wearable price re-investment. Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 4 analysts of Thomson Reuters, 14 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating.
If the securities are soaring at the top end, the chance of that respective security being overrated is largely more, while, if P/E ratio is substandard, there is an augmented probability of it being unrecognized.