Fossil Group Inc (FOSL) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Fossil Group Inc (NASDAQ:FOSL) have earned a consensus recommendation of “Hold” from the eighteen analysts that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $11.86.

FOSL has been the subject of a number of research reports. Buckingham Research dropped their target price on Fossil Group from $9.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, November 8th. Bank of America decreased their price target on Fossil Group from $7.00 to $4.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 8th. Piper Jaffray Companies set a $10.00 price target on Fossil Group and gave the stock a “hold” rating in a research report on Thursday, October 12th. Zacks Investment Research cut Fossil Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Finally, ValuEngine cut Fossil Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th.

In other Fossil Group news, EVP Martin Frey bought 7,500 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average price of $7.41 per share, for a total transaction of $55,575.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gregory A. Mckelvey bought 110,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was acquired at an average price of $6.22 per share, for a total transaction of $684,200.00. The disclosure for this purchase can be found here. Insiders own 12.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its position in Fossil Group by 0.4% in the second quarter. FMR LLC now owns 7,269,630 shares of the accessories brand company’s stock valued at $75,241,000 after acquiring an additional 32,068 shares during the last quarter. JPMorgan Chase & Co. grew its position in Fossil Group by 3,915.2% in the second quarter. JPMorgan Chase & Co. now owns 2,514,634 shares of the accessories brand company’s stock valued at $26,027,000 after acquiring an additional 2,452,006 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Fossil Group by 17.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,043,074 shares of the accessories brand company’s stock valued at $21,146,000 after acquiring an additional 296,119 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Fossil Group by 6,109.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,273,027 shares of the accessories brand company’s stock valued at $13,176,000 after acquiring an additional 1,252,527 shares during the last quarter. Finally, State Street Corp grew its position in Fossil Group by 2.3% in the second quarter. State Street Corp now owns 1,131,401 shares of the accessories brand company’s stock valued at $11,705,000 after acquiring an additional 25,792 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Fossil Group (NASDAQ:FOSL) traded down $0.06 on Friday, hitting $8.34. The stock had a trading volume of 2,771,865 shares, compared to its average volume of 2,102,500. Fossil Group has a 12 month low of $5.50 and a 12 month high of $26.78. The company has a quick ratio of 1.09, a current ratio of 2.32 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $404.72, a P/E ratio of -1.16 and a beta of 0.75.

Fossil Group (NASDAQ:FOSL) last posted its earnings results on Tuesday, November 7th. The accessories brand company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $689.00 million during the quarter, compared to the consensus estimate of $649.87 million. During the same quarter last year, the firm earned $0.36 earnings per share. The company’s revenue was down 6.6% on a year-over-year basis. sell-side analysts expect that Fossil Group will post -0.22 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This news story was reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/05/fossil-group-inc-fosl-receives-consensus-recommendation-of-hold-from-analysts.html.

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.

Analyst Recommendations for Fossil Group (NASDAQ:FOSL)

Receive News & Ratings for Fossil Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fossil Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply