Fossil Group Inc (NASDAQ:FOSL) – Research analysts at Jefferies Group issued their Q2 2018 EPS estimates for shares of Fossil Group in a research note issued to investors on Wednesday. Jefferies Group analyst R. Konik anticipates that the accessories brand company will post earnings per share of ($0.24) for the quarter. Jefferies Group also issued estimates for Fossil Group’s Q3 2018 earnings at ($0.02) EPS and FY2019 earnings at ($0.05) EPS.
Other research analysts have also recently issued reports about the stock. BidaskClub raised shares of Fossil Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research raised shares of Fossil Group from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Tuesday, January 16th. ValuEngine cut shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Telsey Advisory Group increased their price target on shares of Fossil Group from $7.00 to $15.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, Buckingham Research lowered their price target on shares of Fossil Group from $9.00 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, November 8th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $12.75.
Fossil Group (NASDAQ:FOSL) last released its quarterly earnings results on Tuesday, February 13th. The accessories brand company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.24. The firm had revenue of $920.80 million for the quarter, compared to analysts’ expectations of $890.47 million. Fossil Group had a negative net margin of 17.15% and a positive return on equity of 0.61%. During the same period in the prior year, the firm earned $1.03 EPS.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased 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 increased 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. Millennium Management LLC increased its holdings in shares of Fossil Group by 378.4% during the fourth quarter. Millennium Management LLC now owns 1,369,533 shares of the accessories brand company’s stock worth $10,641,000 after purchasing an additional 1,083,233 shares during the period. State Street Corp increased 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. Finally, Contrarius Investment Management Ltd increased 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. 92.48% of the stock is currently owned by institutional investors.
In other Fossil Group news, EVP Martin Frey bought 7,500 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were bought at an average cost 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 at the SEC website. 12.80% of the stock is currently owned by company insiders.
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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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