Fossil Group (NASDAQ:FOSL) announced its earnings results on Tuesday. The accessories brand company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.24, Bloomberg Earnings reports. Fossil Group had a negative net margin of 12.33% and a positive return on equity of 4.75%. During the same quarter in the previous year, the company earned $1.03 earnings per share.
Fossil Group (NASDAQ:FOSL) opened at $9.04 on Wednesday. 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 firm has a market cap of $407.15, a P/E ratio of -1.26 and a beta of 0.65. Fossil Group has a 52-week low of $5.50 and a 52-week high of $23.49.
A number of brokerages have issued reports on FOSL. Telsey Advisory Group lifted their target price on shares of Fossil Group from $7.00 to $15.00 and gave the stock a “market perform” rating in a research report on Wednesday. KeyCorp restated an “overweight” rating and set a $25.00 target price (up previously from $15.00) on shares of Fossil Group in a research report on Wednesday. Buckingham Research restated a “sell” rating and set a $8.00 target price (up previously from $5.00) on shares of Fossil Group in a research report on Wednesday. BidaskClub cut shares of Fossil Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, ValuEngine cut shares of Fossil Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Fossil Group presently has a consensus rating of “Hold” and an average price target of $12.75.
In other news, EVP Martin Frey acquired 7,500 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was acquired at an average price of $7.41 per share, with a total value of $55,575.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 12.80% of the company’s stock.
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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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