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Fossil Group, Inc. (FOSL) Downgraded by ValuEngine

19 June 2017

Wells Fargo & Company set a $12.00 target price on Fossil Group, Inc. "(FOSL) Given Average Rating of "Hold" by Analysts" was reported by Sports Perspectives and is owned by of Sports Perspectives. The firm now has a sell rating on the textile maker's stock.

FOSL has been the topic of several research analyst reports. The price of the stock has decreased by 17.63% since.

Analysts are speculating a 244.09% move, based on the high target price ($32) for the shares that is set to reach in the next 12 months. The price of the stock has decreased by 4.42% since. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Instinet reduced their target price on Fossil Group from $15.00 to $13.00 and set a "neutral" rating for the company in a report on Wednesday, May 10th.

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Shares of Fossil Group Inc (NASDAQ:FOSL) opened at 10.69 on Friday. The company saw 3.47 million shares trade hands over the course of the day. The firm has a 50-day moving average price of $12.84 and a 200 day moving average price of $20.08. Stock's twelve month price oscillated between $36.87 and $9.57.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Fossil Group, Inc. the EPS stands at -0.35 for the previous quarter, while the analysts predicted the EPS of the stock to be -0.44, suggesting the stock exceeded the analysts' expectations. New Jersey-based Kcg has invested 0.02% in Fossil Group Inc (NASDAQ:FOSL). The textile maker reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by $0.14. Nuveen Asset Ltd Liability Corporation has invested 0% in Fossil Group Inc (NASDAQ:FOSL). Revenue for the quarter also did not kill consensus, coming in at $581.8M, compared to the consensus of 590.51M. On average, equities analysts anticipate that Fossil Group will post $0.84 earnings per share for the current fiscal year. FDO Partners LLC owned approximately 0.40% of Fossil Group at the end of the most recent reporting period.

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The company's shares hit a record low earlier this month after the company reported a bigger-than-expected quarterly loss. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock.

In related news, Chairman Kosta N. Kartsotis sold 520,281 shares of the company's stock in a transaction dated Friday, June 9th. The EPS of company is strolling at 3.42.The company's Market capitalization is $6.33 Billion with the total Outstanding Shares of 171.00 million. Following the sale, the chairman now directly owns 3,445,546 shares in the company, valued at $36,901,797.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The shares were sold at an average price of $10.71, for a total value of $5,572,209.51. Morgan Stanley now owns 519 shares with a value of $9,000. The disclosure for this sale can be found here.

Want to see what other hedge funds are holding FOSL? Seven Eight Capital LP bought a new position in Fossil Group during the fourth quarter worth about $109,000. Thompson Siegel & Walmsley LLC now owns 1,929,377 shares of the textile maker's stock worth $49,894,000 after buying an additional 548,901 shares in the last quarter. Sather Financial Group Inc increased its position in shares of Fossil Group by 1.0% in the first quarter. Fossil Group Cmn Stk (NASDAQ:FOSL)'s price to free cash flow for trailing twelve months is 2.59.

ValuEngine downgraded shares of Fossil Group, Inc. The average volume of a stock suggests the liquidity of a particular company. Capstone Asset Management Co. now owns 14,550 shares of the textile maker's stock worth $254,000 after buying an additional 6,460 shares in the last quarter. Goldman Sachs Group Inc owns 180,692 shares worth $3,153,000. Schafer Cullen Capital Management Inc. now owns 12,852 shares of the textile maker's stock valued at $357,000 after buying an additional 833 shares during the last quarter. The institutional investor owned 62,990 shares of the textile maker's stock after selling 7,120 shares during the period.

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Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories.