Fossil Group, Inc. (NASDAQ:FOSL) has received a consensus recommendation of “Hold” from the twenty brokerages that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $15.68.
Several research firms have commented on FOSL. Telsey Advisory Group cut their target price on Fossil Group from $13.00 to $11.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 9th. Wells Fargo & Company restated an “underperform” rating and issued a $8.00 target price on shares of Fossil Group in a research note on Thursday, August 3rd. Buckingham Research cut their target price on Fossil Group from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 9th. Jefferies Group LLC restated a “hold” rating and issued a $13.00 target price on shares of Fossil Group in a research note on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Fossil Group from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Thursday, August 3rd.
In other Fossil Group news, Director James M. Zimmerman bought 36,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average cost of $8.30 per share, with a total value of $298,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gregory A. Mckelvey bought 5,712 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average cost of $8.73 per share, for a total transaction of $49,865.76. The disclosure for this purchase can be found here. Insiders have purchased a total of 192,147 shares of company stock worth $1,329,006 over the last three months. 12.80% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. AHL Partners LLP acquired a new position in Fossil Group in the 2nd quarter valued at $393,000. Numeric Investors LLC acquired a new position in Fossil Group in the 2nd quarter valued at $1,630,000. Marshall Wace North America L.P. grew its holdings in Fossil Group by 363.9% in the 2nd quarter. Marshall Wace North America L.P. now owns 67,089 shares of the accessories brand company’s stock valued at $671,000 after buying an additional 52,626 shares in the last quarter. Engineers Gate Manager LP grew its holdings in Fossil Group by 214.8% in the 2nd quarter. Engineers Gate Manager LP now owns 260,043 shares of the accessories brand company’s stock valued at $2,691,000 after buying an additional 177,446 shares in the last quarter. Finally, Airain ltd acquired a new position in Fossil Group in the 2nd quarter valued at $3,214,000.
Fossil Group (NASDAQ FOSL) traded up $0.46 during trading hours on Thursday, hitting $7.62. The stock had a trading volume of 2,207,109 shares, compared to its average volume of 2,281,304. Fossil Group has a fifty-two week low of $5.50 and a fifty-two week high of $36.87. 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 company has a market cap of $369.78, a PE ratio of 8.78 and a beta of 0.77.
Fossil Group (NASDAQ:FOSL) last released its earnings results on Tuesday, November 7th. The accessories brand company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.32. The firm had revenue of $689.00 million for the quarter, compared to analysts’ expectations of $649.87 million. Fossil Group had a positive return on equity of 4.75% and a negative net margin of 12.33%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. equities analysts anticipate that Fossil Group will post -0.22 earnings per share for the current year.
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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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