Fossil Rating Increased to Buy at CLSA (FOSL)

By admin | 7 years ago

Fossil (NASDAQ: FOSL) was upgraded by analysts at CLSA from an “outperform” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

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.

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