Shares of Fossil Group, Inc. (NASDAQ:FOSL – Get Free Report) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $9.25.
Several brokerages have commented on FOSL. Craig Hallum assumed coverage on shares of Fossil Group in a research note on Thursday, September 10th. They issued a “buy” rating and a $12.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Fossil Group in a research report on Friday, July 17th. Northland Securities set a $8.00 target price on shares of Fossil Group in a report on Thursday, August 13th. Finally, Lake Street Capital started coverage on shares of Fossil Group in a report on Wednesday. They issued a “buy” rating and a $10.00 target price for the company.
View Our Latest Research Report on Fossil Group
Insiders Place Their Bets
Hedge Funds Weigh In On Fossil Group
Hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Fossil Group in the second quarter valued at approximately $15,263,000. Miller Value Partners LLC purchased a new position in shares of Fossil Group during the second quarter worth approximately $8,874,000. Bank of America Corp DE purchased a new position in shares of Fossil Group during the second quarter worth approximately $854,000. Nantahala Capital Management LLC acquired a new position in shares of Fossil Group in the 2nd quarter valued at $22,791,230. Finally, Fund 1 Investments LLC acquired a new position in shares of Fossil Group in the 2nd quarter valued at $2,223,000. Hedge funds and other institutional investors own 61.14% of the company’s stock.
Fossil Group Stock Up 0.3%
Shares of NASDAQ FOSL opened at $7.08 on Monday. The business has a 50-day moving average of $5.63 and a two-hundred day moving average of $4.81. The company has a market capitalization of $418.71 million, a price-to-earnings ratio of -5.53 and a beta of 1.55. Fossil Group has a 1 year low of $1.70 and a 1 year high of $7.33. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.76 and a quick ratio of 1.05.
Fossil Group (NASDAQ:FOSL – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The accessories brand company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.16. The business had revenue of $209.69 million for the quarter, compared to the consensus estimate of $199.33 million. Fossil Group had a negative return on equity of 59.76% and a negative net margin of 7.09%. On average, analysts forecast that Fossil Group will post -0.04 earnings per share for the current fiscal year.
Fossil Group Company Profile
Fossil Group, Inc is a global design, marketing and distribution company focused on consumer lifestyle accessories. The company is best known for watches and also offers jewelry, handbags, small leather goods and other accessories.
Fossil Group markets products under its owned brands, including Fossil, Skagen, Michele and Zodiac, as well as through licensed and other brand relationships. Its products are sold through company-operated and third-party retail stores, e-commerce platforms and other distribution channels.
Founded in 1984 by Tom Kartsotis, the company is headquartered in Richardson, Texas, and serves customers in markets across North America, Europe, Asia and other international regions.
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