Brokerage Firm Rating Update on Fossil Group (FOSL)

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 Hold with a rank of 3. 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.

Fossil Group (FOSL) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $34 and the lowest price target forecast is $20. The average forecast of all the analysts is $27.75 and the expected standard deviation is $4.71.


Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Nomura maintains its outlook on Fossil Group (NASDAQ:FOSL). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm lowers the price target from $25 per share to $23 per share. The rating by the firm was issued on August 10, 2016.

Fossil Group (NASDAQ:FOSL): The stock opened at $28.04 and touched an intraday high of $28.66 on Wednesday. During the day, the stock corrected to an intraday low of $27.74, however, the bulls stepped in and pushed the price higher to close in the green at $28.63 with a gain of 2.40% for the day. The total traded volume for the day was 782,836. The stock had closed at $27.96 in the previous trading session.

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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