Fossil Group (NASDAQ:FOSL) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.
A number of other equities analysts have also recently weighed in on FOSL. Zacks Investment Research cut Fossil Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Buckingham Research cut Fossil Group from a “neutral” rating to an “underperform” rating in a report on Friday, January 5th. ValuEngine cut Fossil Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Telsey Advisory Group increased their price target on Fossil Group from $7.00 to $15.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. Finally, KeyCorp reiterated an “overweight” rating and set a $25.00 price target (up from $15.00) on shares of Fossil Group in a report on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $11.91.
NASDAQ FOSL opened at $14.18 on Friday. The firm has a market cap of $689.79, a PE ratio of 283.60 and a beta of -0.08. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.54 and a quick ratio of 1.41. Fossil Group has a twelve month low of $5.50 and a twelve month high of $18.44.
Fossil Group (NASDAQ:FOSL) last released its quarterly earnings results on Tuesday, February 13th. The accessories brand company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.24. The business had revenue of $920.80 million during the quarter, compared to analysts’ expectations of $890.47 million. Fossil Group had a positive return on equity of 0.65% and a negative net margin of 17.15%. During the same period in the prior year, the business posted $1.03 EPS. equities analysts expect that Fossil Group will post -0.19 earnings per share for the current year.
In related news, CEO Kosta N. Kartsotis sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $12.58, for a total transaction of $251,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 679,972 shares of company stock valued at $9,041,909 over the last 90 days. 12.80% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Fossil Group by 5.2% during the 4th quarter. BlackRock Inc. now owns 5,826,453 shares of the accessories brand company’s stock valued at $45,271,000 after acquiring an additional 288,928 shares during the period. Millennium Management LLC boosted its holdings in Fossil Group by 378.4% during the 4th quarter. Millennium Management LLC now owns 1,369,533 shares of the accessories brand company’s stock valued at $10,641,000 after acquiring an additional 1,083,233 shares during the period. Two Sigma Advisers LP boosted its holdings in Fossil Group by 123.2% during the 4th quarter. Two Sigma Advisers LP now owns 617,275 shares of the accessories brand company’s stock valued at $4,796,000 after acquiring an additional 340,763 shares during the period. California Public Employees Retirement System boosted its holdings in Fossil Group by 44.8% during the 4th quarter. California Public Employees Retirement System now owns 601,233 shares of the accessories brand company’s stock valued at $4,672,000 after acquiring an additional 186,114 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Fossil Group by 38.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 538,545 shares of the accessories brand company’s stock valued at $4,185,000 after acquiring an additional 150,380 shares during the period. Institutional investors own 99.83% of the company’s stock.
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Fossil Group Company Profile
Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company's principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, and sunglasses. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ARMANI EXCHANGE, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.
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