Fossil Group Inc. (NASDAQ:FOSL) traded today at a new 52-week high of $44.62. This new high was reached on above average trading volume as 167.7 million shares traded hands, while the average 30-day volume is approximately 1.3 million shares.
Over the past year, Fossil Group Inc. has traded in a range of $2.69 to $20.00 and is now at $9.16.
There is potential upside of 2.2% for shares of Fossil Group Inc. based on a current price of $9.16 and an average consensus analyst price target of $9.36.
Fossil Group Inc designs and sells watches and other fashion accessories, including jewelry, handbags, and small leather goods. Watches make up the majority of company revenue. Roughly half of sales occur in the Americas, with the rest coming from Europe and Asia. Fossil primarily sells its products through third-party retailers but also has company-owned stores in the United States. Its products target a wide range of ages and income levels with both owned and licensed brands. Fossil sources almost all of its products internationally, and the company itself is involved in the manufacture of roughly half of its non-Swiss-made watches. The remaining products are produced by third-party manufacturers.
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