Equities analysts expect that Fossil Group Inc (NASDAQ:FOSL) will report $0.40 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Fossil Group’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.32. Fossil Group posted earnings per share of $1.36 during the same quarter last year, which would suggest a negative year over year growth rate of 70.6%. The business is scheduled to report its next earnings results on Tuesday, February 13th.

On average, analysts expect that Fossil Group will report full year earnings of ($0.22) per share for the current fiscal year, with EPS estimates ranging from ($0.28) to ($0.17). For the next year, analysts anticipate that the company will report earnings of ($0.08) per share, with EPS estimates ranging from ($0.50) to $0.49. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Fossil Group.

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 analysts’ expectations of $649.87 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year.

A number of brokerages have issued reports on FOSL. BidaskClub raised Fossil Group from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised Fossil Group from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Tuesday. Buckingham Research cut Fossil Group from a “neutral” rating to an “underperform” rating in a research note on Friday, January 5th. ValuEngine cut Fossil Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Bank of America decreased their price target 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. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Fossil Group has an average rating of “Hold” and a consensus price target of $11.27.

Fossil Group (NASDAQ FOSL) opened at $9.17 on Wednesday. Fossil Group has a fifty-two week low of $5.50 and a fifty-two week high of $26.78. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.32 and a quick ratio of 1.09. The stock has a market capitalization of $445.00, a PE ratio of -1.28 and a beta of 0.75.

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

Large investors have recently made changes to their positions in the business. AHL Partners LLP bought a new position in Fossil Group in the second quarter worth approximately $393,000. Numeric Investors LLC bought a new position in Fossil Group in the second quarter worth approximately $1,630,000. Gotham Asset Management LLC boosted its holdings in Fossil Group by 57.0% in the second quarter. Gotham Asset Management LLC now owns 558,082 shares of the accessories brand company’s stock worth $5,776,000 after acquiring an additional 202,576 shares in the last quarter. Systematic Financial Management LP bought a new position in Fossil Group in the third quarter worth approximately $1,449,000. Finally, California Public Employees Retirement System boosted its holdings in Fossil Group by 14.0% in the second quarter. California Public Employees Retirement System now owns 290,500 shares of the accessories brand company’s stock worth $3,007,000 after acquiring an additional 35,700 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

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Fossil Group Company Profile

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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