Fossil Group Inc (FOSL) is Reiterated by Telsey Advisory Group to Market Perform, Lowers Price Target to $ 32

Fossil Group Inc (FOSL) was Reiterated by Telsey Advisory Group to “Market Perform” while Lowering the Price Target of the company shares to $ 32 from a previous price target of $40 . Telsey Advisory Group advised their investors in a research report released on May 11, 2016.

Many Wall Street Analysts have commented on Fossil Group Inc. Shares were Reiterated by Mizuho on May 11, 2016 to “Neutral” and Lowered the Price Target to $ 27 from a previous price target of $36 .Fossil Group Inc was Downgraded by Macquarie to ” Underperform” on Mar 16, 2016. Fossil Group Inc was Downgraded by Standpoint Research to ” Hold” on Feb 18, 2016.

On the company’s financial health, Fossil Group Inc reported $0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $0.14. The company had revenue of $659.80 million for the quarter, compared to analysts expectations of $667.04 million. The company’s revenue was down -9.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.75 EPS.

Fossil Group Inc opened for trading at $39.27 and hit $40.3364 on the upside on Tuesday, eventually ending the session at $40.1, with a gain of 1.73% or 0.68 points. The heightened volatility saw the trading volume jump to 26,89,677 shares. Company has a market cap of $1,930 M.

In a different news, on Dec 10, 2015, Elysia Holt Ragusa (director) sold 2,718 shares at $37.07 per share price.

Fossil Group Inc. is a global designer marketer and distributor company that specializes in consumer fashion accessories. The Company’s offerings include a line of men’s and women’s 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.

Fossil Group Inc

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