Fossil Group, Inc. (FOSL) Receives Average Rating of “Hold” from Analysts
Shares of Fossil Group, Inc. (NASDAQ:FOSL) have been assigned a consensus recommendation of “Hold” from the nineteen analysts that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $13.65.
A number of analysts have issued reports on FOSL shares. Buckingham Research cut their target price on Fossil Group from $9.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, November 8th. Bank of America cut their target price on Fossil Group from $7.00 to $4.00 and set an “underperform” rating for the company in a research note on Wednesday, November 8th. Piper Jaffray Companies set a $10.00 target price on Fossil Group and gave the stock a “hold” rating in a research note on Thursday, October 12th. Zacks Investment Research raised Fossil Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, ValuEngine downgraded Fossil Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th.
In other Fossil Group news, EVP Martin Frey purchased 7,500 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was acquired at an average cost of $7.41 per share, for a total transaction of $55,575.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gregory A. Mckelvey purchased 110,000 shares of the stock in a transaction dated Friday, November 10th. The shares were acquired at an average price of $6.22 per share, with a total value of $684,200.00. The disclosure for this purchase can be found here. Corporate insiders own 12.80% of the company’s stock.
Shares of Fossil Group (NASDAQ FOSL) traded up $0.05 on Monday, hitting $6.93. The company’s stock had a trading volume of 1,849,701 shares, compared to its average volume of 2,233,820. Fossil Group has a twelve month low of $5.50 and a twelve month high of $34.21. The firm has a market cap of $333.87, a P/E ratio of 8.39 and a beta of 0.74. The company has a quick ratio of 1.09, a current ratio of 2.32 and a debt-to-equity ratio of 0.68.
Fossil Group (NASDAQ:FOSL) last issued its earnings results on Tuesday, November 7th. The accessories brand company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.32. Fossil Group had a positive return on equity of 4.75% and a negative net margin of 12.33%. The business had revenue of $689.00 million during the quarter, compared to the consensus estimate of $649.87 million. During the same period last year, the company earned $0.36 EPS. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. equities analysts expect that Fossil Group will post -0.22 EPS for the current year.
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About Fossil Group
Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity.
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