Wall Street brokerages expect Fossil Group Inc (NASDAQ:FOSL) to post earnings of ($0.98) per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Fossil Group’s earnings, with the lowest EPS estimate coming in at ($1.35) and the highest estimate coming in at ($0.61). Fossil Group posted earnings per share of ($0.35) during the same quarter last year, which would indicate a negative year-over-year growth rate of 180%. The company is expected to announce its next earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that Fossil Group will report full year earnings of ($0.18) per share for the current fiscal year, with EPS estimates ranging from ($0.78) to $0.15. For the next financial year, analysts expect that the business will post earnings of $0.19 per share, with EPS estimates ranging from ($0.05) to $0.43. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Fossil Group.
Fossil Group (NASDAQ:FOSL) last released its quarterly earnings data on Tuesday, February 13th. The accessories brand company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.40 by $0.24. Fossil Group had a positive return on equity of 0.65% and a negative net margin of 17.15%. The company had revenue of $920.80 million for the quarter, compared to analyst estimates of $890.47 million. During the same period last year, the company posted $1.03 earnings per share.
A number of brokerages have recently issued reports on FOSL. ValuEngine raised Fossil Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Buckingham Research lifted their target price on Fossil Group from $5.00 to $8.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 14th. KeyCorp reaffirmed an “overweight” rating and set a $25.00 target price (up from $15.00) on shares of Fossil Group in a research report on Wednesday, February 14th. Telsey Advisory Group lifted their target price on Fossil Group from $7.00 to $15.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. Finally, Zacks Investment Research lowered Fossil Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.75.
In other news, EVP Martin Frey purchased 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was acquired at an average cost of $7.41 per share, for a total transaction of $55,575.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.80% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Unison Advisors LLC acquired a new position in Fossil Group in the fourth quarter worth about $107,000. GSA Capital Partners LLP acquired a new position in Fossil Group in the second quarter worth about $120,000. Teacher Retirement System of Texas acquired a new position in Fossil Group in the fourth quarter valued at approximately $120,000. KBC Group NV boosted its stake in Fossil Group by 167.9% in the third quarter. KBC Group NV now owns 13,441 shares of the accessories brand company’s stock valued at $125,000 after acquiring an additional 8,424 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in Fossil Group in the third quarter valued at approximately $137,000. Institutional investors and hedge funds own 98.45% of the company’s stock.
Shares of Fossil Group (FOSL) opened at $14.51 on Tuesday. Fossil Group has a 52-week low of $5.50 and a 52-week high of $21.03. The stock has a market capitalization of $704.38, a PE ratio of -1.47 and a beta of 0.65. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.41 and a current ratio of 2.54.
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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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