Fossil Group (NASDAQ:FOSL) Director Elaine B. Agather sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $102.54, for a total value of $256,350.00. Following the transaction, the director now directly owns 3,773 shares in the company, valued at approximately $386,883. The transaction was disclosed in a filing with the SEC, which is available at this link.
FOSL has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Fossil Group in a research note on Thursday, August 14th. They now have a $101.00 price target on the stock. Separately, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Fossil Group in a research note on Wednesday, August 13th. Finally, analysts at Sterne Agee cut their price target on shares of Fossil Group from $115.00 to $108.00 in a research note on Monday, August 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $121.33.
Fossil Group (NASDAQ:FOSL) opened at 101.29 on Tuesday. Fossil Group has a 1-year low of $95.25 and a 1-year high of $134.99. The stock’s 50-day moving average is $100.4 and its 200-day moving average is $107.. The company has a market cap of $5.359 billion and a P/E ratio of 15.51. Fossil Group also was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 4,176,864 shares, a growth of 19.6% from the July 31st total of 3,491,965 shares. Approximately 9.0% of the company’s shares are sold short. Based on an average daily trading volume, of 971,826 shares, the short-interest ratio is currently 4.3 days.
Fossil Group (NASDAQ:FOSL) last released its earnings data on Tuesday, August 12th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. The company had revenue of $773.80 million for the quarter, compared to the consensus estimate of $771.01 million. Analysts expect that Fossil Group will post $7.17 EPS for the current fiscal year.
Fossil Group, Inc, formerly Fossil, Inc, a global designer, marketer and distributer company that specializes in consumer fashion accessories.
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