Fossil Group Inc (FOSL) is Upgraded by Piper Jaffray to Neutral

Fossil Group Inc (FOSL) was Upgraded by Piper Jaffray to ” Neutral”. Earlier the firm had a rating of “Underweight ” on the company shares. Piper Jaffray advised their investors in a research report released on Nov 21, 2016.

Many Wall Street Analysts have commented on Fossil Group Inc. Fossil Group Inc was Upgraded by Piper Jaffray to ” Neutral” on Nov 21, 2016. Fossil Group Inc was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Nov 16, 2016. Shares were Reiterated by Mizuho on Nov 4, 2016 to “Neutral” and Lowered the Price Target to $ 25 from a previous price target of $29 .

On the company’s financial health, Fossil Group Inc reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.31. The company had revenue of $738.00 million for the quarter, compared to analysts expectations of $739.12 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.19 EPS.

Fossil Group Inc closed down -0.52 points or -1.49% at $34.33 with 8,68,596 shares getting traded on Monday. Post opening the session at $34.79, the shares hit an intraday low of $33.631 and an intraday high of $34.98 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Nov 14, 2016, Elaine B Agather (director) sold 2,500 shares at $30.94 per share price. According to the SEC, 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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