Fossil Group Inc (NASDAQ:FOSL) has earned an average rating of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $13.88.
FOSL has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Fossil Group from a “buy” rating to a “hold” rating in a research report on Friday, May 18th. BidaskClub upgraded shares of Fossil Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 27th. ValuEngine upgraded shares of Fossil Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 8th. Finally, KeyCorp increased their target price on shares of Fossil Group from $25.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, June 4th.
Hedge funds and other institutional investors have recently modified their holdings of the company. Investors Research Corp acquired a new stake in shares of Fossil Group in the first quarter valued at about $137,000. Teacher Retirement System of Texas acquired a new stake in shares of Fossil Group in the fourth quarter valued at about $120,000. Aperio Group LLC acquired a new stake in shares of Fossil Group in the first quarter valued at about $200,000. Teza Capital Management LLC acquired a new stake in shares of Fossil Group in the first quarter valued at about $201,000. Finally, Royal Bank of Canada grew its holdings in shares of Fossil Group by 170.3% in the first quarter. Royal Bank of Canada now owns 16,660 shares of the accessories brand company’s stock valued at $212,000 after purchasing an additional 40,353 shares during the period. Institutional investors and hedge funds own 93.85% of the company’s stock.
Fossil Group traded down $2.47, reaching $26.87, during trading hours on Friday, Marketbeat.com reports. 2,727,488 shares of the company were exchanged, compared to its average volume of 2,569,058. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.19 and a current ratio of 2.21. The stock has a market capitalization of $1.46 billion and a PE ratio of 537.40. Fossil Group has a twelve month low of $5.50 and a twelve month high of $32.17.
Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings data on Tuesday, May 8th. The accessories brand company reported ($0.99) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.96) by ($0.03). The company had revenue of $569.20 million for the quarter, compared to analyst estimates of $539.08 million. Fossil Group had a negative return on equity of 4.36% and a negative net margin of 17.23%. The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.00) earnings per share. research analysts forecast that Fossil Group will post 0.27 earnings per share for the current year.
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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