Fossil Group (NASDAQ:FOSL) Raised to “Hold” at Wall Street Zen

Fossil Group (NASDAQ:FOSL) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other research analysts have also weighed in on the company. Zacks Research raised Fossil Group to a “hold” rating in a report on Friday, February 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Fossil Group in a report on Thursday, January 22nd. Maxim Group increased their price objective on Fossil Group from $5.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Finally, Northland Securities initiated coverage on Fossil Group in a report on Thursday, February 19th. They issued an “outperform” rating and a $7.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $7.00.

Fossil Group Price Performance

Shares of FOSL stock opened at $5.60 on Friday. The stock’s 50-day simple moving average is $4.48 and its 200-day simple moving average is $3.58. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.05 and a current ratio of 1.55. The firm has a market capitalization of $326.76 million, a PE ratio of -3.84 and a beta of 1.74. Fossil Group has a fifty-two week low of $0.86 and a fifty-two week high of $5.75.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings data on Wednesday, March 11th. The accessories brand company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.17). The firm had revenue of $280.52 million during the quarter, compared to analyst estimates of $249.28 million. Fossil Group had a negative net margin of 7.81% and a negative return on equity of 46.78%.

Institutional Trading of Fossil Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EHP Funds Inc. acquired a new stake in Fossil Group during the third quarter worth about $28,000. Wexford Capital LP acquired a new stake in Fossil Group during the third quarter worth about $28,000. Carrera Capital Advisors acquired a new stake in Fossil Group during the fourth quarter worth about $38,000. Qube Research & Technologies Ltd acquired a new stake in Fossil Group during the third quarter worth about $39,000. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new stake in Fossil Group during the third quarter worth about $45,000. 61.14% of the stock is owned by institutional investors and hedge funds.

Fossil Group Company Profile

Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.

The group’s wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.