Fossil Group, Inc. (FOSL) was a big mover last session, as the company saw its shares rise over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $95.98 to $103.75 in the past one-month time frame.
Though the company has seen two downward estimate revisions over the past 30 days, the Zacks Consensus Estimate has remained unchanged. Yesterday’s jump is encouraging though, so make sure to keep a close watch on this firm in the near future.
Fossil Group currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
However, better-ranked stocks in the retail-app/shoe industry include Bebe Stores, Inc. (BEBE), Citi Trends, Inc. (CTRN) and L Brands, Inc. (LB). All of these have a Zacks Rank #2 (Buy).
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