Fossil Rating Increased to Buy at CLSA (FOSL)
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie initiated coverage on shares of Fossil in a research note to investors on Monday, April 16th. They set an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Fossil in a research note to investors on Friday, April 13rd. They now have a $140.00 price target on the stock. Finally, analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of Fossil from $125.00 to $160.00 in a research note to investors on Wednesday, March 21st.
Shares of Fossil traded up 1.52% during mid-day trading on Tuesday, hitting $79.71. Fossil has a one year low of $69.57 and a one year high of $139.20. The company has a market cap of $4.925 billion and a P/E ratio of 17.03.
Fossil last issued its quarterly earnings data on Tuesday, May 8th. The company reported $0.93 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.92 by $0.01. Fossil’s revenue was up 9.8% compared to the same quarter last year. On average, analysts predict that Fossil will post $1.45 earnings per share next quarter.
Fossil, Inc. is a global designer, marketer and distributer company that specializes in consumer fashion accessories.