Fossil Group Inc (NASDAQ:FOSL) shares traded down 2.8% during mid-day trading on Thursday . The stock traded as low as $11.62 and last traded at $11.47. 1,454,467 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 3,505,208 shares. The stock had previously closed at $11.80.
Several research analysts recently issued reports on the stock. BidaskClub upgraded shares of Fossil Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 3rd. ValuEngine lowered shares of Fossil Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Buckingham Research increased their price target on shares of Fossil Group from $5.00 to $8.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 14th. KeyCorp restated an “overweight” rating and set a $25.00 price objective (up from $15.00) on shares of Fossil Group in a research note on Wednesday, February 14th. Finally, Telsey Advisory Group raised their price objective on shares of Fossil Group from $7.00 to $15.00 and gave the company a “market perform” rating in a research note on Wednesday, February 14th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.46.
The firm has a market capitalization of $574.02, a P/E ratio of -1.21 and a beta of -0.12. The company has a current ratio of 2.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.76.
Fossil Group (NASDAQ:FOSL) last released its quarterly earnings data on Tuesday, February 13th. The accessories brand company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.24. The business had revenue of $920.80 million during the quarter, compared to analyst estimates of $890.47 million. Fossil Group had a negative net margin of 17.15% and a positive return on equity of 0.65%. During the same period last year, the business earned $1.03 EPS. equities research analysts anticipate that Fossil Group Inc will post -0.18 earnings per share for the current fiscal year.
In other news, CEO Kosta N. Kartsotis sold 15,421 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $13.99, for a total transaction of $215,739.79. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 679,972 shares of company stock worth $9,041,909. Insiders own 12.80% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Systematic Financial Management LP purchased a new stake in shares of Fossil Group during the 3rd quarter valued at about $1,449,000. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Fossil Group by 177.5% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 548,529 shares of the accessories brand company’s stock valued at $5,118,000 after acquiring an additional 350,865 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Fossil Group during the 3rd quarter valued at about $304,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Fossil Group by 31.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 388,165 shares of the accessories brand company’s stock valued at $3,622,000 after acquiring an additional 93,027 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of Fossil Group by 68.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 24,750 shares of the accessories brand company’s stock valued at $192,000 after acquiring an additional 10,080 shares during the last quarter. 99.85% of the stock is currently owned by hedge funds and other institutional investors.
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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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