Fossil Group, Inc. (NASDAQ:FOSL) – Jefferies Group cut their Q4 2017 EPS estimates for Fossil Group in a research note issued to investors on Wednesday. Jefferies Group analyst R. Konik now forecasts that the accessories brand company will post earnings per share of $0.35 for the quarter, down from their prior forecast of $1.29. Jefferies Group currently has a “Hold” rating and a $13.00 price objective on the stock. Jefferies Group also issued estimates for Fossil Group’s FY2018 earnings at ($0.52) EPS.
FOSL has been the topic of a number of other research reports. ValuEngine downgraded Fossil Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Buckingham Research lowered their price objective on Fossil Group from $9.00 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday. Piper Jaffray Companies set a $10.00 price objective on Fossil Group and gave the stock a “hold” rating in a research report on Thursday, October 12th. Bank of America Corporation lowered their price objective on Fossil Group from $7.00 to $4.00 and set an “underperform” rating on the stock in a research report on Wednesday. Finally, Zacks Investment Research upgraded Fossil Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. Fossil Group presently has an average rating of “Hold” and a consensus target price of $15.43.
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Shares of Fossil Group (NASDAQ:FOSL) opened at $6.60 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.32 and a quick ratio of 1.66. Fossil Group has a 12-month low of $5.50 and a 12-month high of $36.87. The stock has a market capitalization of $320.28, a price-to-earnings ratio of 8.05 and a beta of 0.77.
Fossil Group (NASDAQ:FOSL) last posted its earnings results on Tuesday, November 7th. The accessories brand company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.32. Fossil Group had a positive return on equity of 4.75% and a negative net margin of 12.33%. The firm had revenue of $689.00 million for the quarter, compared to the consensus estimate of $649.87 million. During the same quarter in the prior year, the business posted $0.36 earnings per share. The business’s quarterly revenue was down 6.6% on a year-over-year basis.
In related news, EVP Martin Frey acquired 7,100 shares of Fossil Group stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average cost of $7.25 per share, with a total value of $51,475.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James M. Zimmerman acquired 36,000 shares of Fossil Group stock in a transaction dated Friday, August 25th. The shares were bought at an average cost of $8.30 per share, for a total transaction of $298,800.00. The disclosure for this purchase can be found here. Insiders have bought 82,147 shares of company stock worth $644,806 over the last ninety days. Insiders own 12.80% of the company’s stock.
Several large investors have recently made changes to their positions in FOSL. Acadian Asset Management LLC bought a new position in shares of Fossil Group during the second quarter valued at about $113,000. GSA Capital Partners LLP bought a new position in shares of Fossil Group during the second quarter valued at about $120,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Fossil Group during the second quarter valued at about $122,000. BlueCrest Capital Management Ltd bought a new position in shares of Fossil Group during the second quarter valued at about $130,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Fossil Group during the third quarter valued at about $137,000.
Fossil Group Company Profile
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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