Fossil stock down

23 November 2011

Fossil shares fell by 5.2% to $82.46 on November 21. Fossil, Inc. designs, develops, markets, and distributes consumer fashion accessories.

The Company's products include an extensive line of men's and women's fashion watches and jewellry sold under proprietary and licensed brands, handbags, small leather goods, belts, sunglasses, and apparel.

Potential upside of 38.2% exists for Fossil, based on a current level of $82.46 and analysts' average consensus price target of $114.00.

Over the past year, Fossil has traded in a range of $64.76 to $134.98 and is now at $82.46, 27% above that low.

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