Fossil Group’s (FOSL) “Overweight” Rating Reiterated at KeyCorp

Fossil Group (NASDAQ:FOSL)‘s stock had its “overweight” rating restated by stock analysts at KeyCorp in a report released on Wednesday, The Fly reports. They presently have a $25.00 price target on the accessories brand company’s stock, up from their previous price target of $15.00. KeyCorp’s price objective would suggest a potential upside of 176.55% from the company’s previous close.

Several other equities analysts have also recently issued reports on FOSL. Telsey Advisory Group lifted their price objective on shares of Fossil Group from $7.00 to $15.00 and gave the stock a “market perform” rating in a research note on Wednesday. BidaskClub cut shares of Fossil Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. ValuEngine cut shares of Fossil Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded shares of Fossil Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Bank of America dropped their target price on shares of Fossil Group from $7.00 to $4.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 8th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Fossil Group currently has a consensus rating of “Hold” and an average target price of $12.54.

Fossil Group (NASDAQ:FOSL) opened at $9.04 on Wednesday. The stock has a market cap of $407.15, a P/E ratio of -1.26 and a beta of 0.65. 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 has a 52 week low of $5.50 and a 52 week high of $23.49.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings data on Tuesday, February 13th. The accessories brand company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.24. Fossil Group had a negative net margin of 12.33% and a positive return on equity of 4.75%. During the same period in the previous year, the company posted $1.03 EPS. research analysts expect that Fossil Group will post -0.73 earnings per share for the current fiscal year.

In other news, EVP Martin Frey bought 7,500 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were acquired at an average cost of $7.41 per share, with a total value of $55,575.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 12.80% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Fossil Group by 5.2% during the fourth quarter. BlackRock Inc. now owns 5,826,453 shares of the accessories brand company’s stock worth $45,271,000 after purchasing an additional 288,928 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Fossil Group by 17.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,043,074 shares of the accessories brand company’s stock worth $21,146,000 after purchasing an additional 296,119 shares during the period. State Street Corp boosted its holdings in shares of Fossil Group by 2.3% during the second quarter. State Street Corp now owns 1,131,401 shares of the accessories brand company’s stock worth $11,705,000 after purchasing an additional 25,792 shares during the period. Contrarius Investment Management Ltd boosted its holdings in shares of Fossil Group by 511.8% during the third quarter. Contrarius Investment Management Ltd now owns 1,111,463 shares of the accessories brand company’s stock worth $10,370,000 after purchasing an additional 929,803 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of Fossil Group by 44.8% during the fourth quarter. California Public Employees Retirement System now owns 601,233 shares of the accessories brand company’s stock worth $4,672,000 after purchasing an additional 186,114 shares during the period. Institutional investors and hedge funds own 92.48% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Fossil Group (NASDAQ:FOSL)

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