Fossil Group Inc (NASDAQ:FOSL) has received an average rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $19.20.
Several analysts have weighed in on FOSL shares. BidaskClub raised Fossil Group from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised Fossil Group from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Tuesday, October 9th. KeyCorp started coverage on Fossil Group in a report on Monday, July 9th. They issued an “overweight” rating on the stock. ValuEngine cut Fossil Group from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. Finally, TheStreet raised Fossil Group from a “d” rating to a “c-” rating in a report on Wednesday, August 8th.
In other news, insider Gregory A. Mckelvey sold 26,138 shares of the stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $26.00, for a total transaction of $679,588.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Darren E. Hart sold 25,662 shares of the stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $26.30, for a total value of $674,910.60. Following the transaction, the executive vice president now owns 116,325 shares in the company, valued at $3,059,347.50. The disclosure for this sale can be found here. Company insiders own 8.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in FOSL. Palo Capital Inc. bought a new position in Fossil Group during the 3rd quarter worth approximately $156,000. Xact Kapitalforvaltning AB bought a new position in Fossil Group during the 2nd quarter worth approximately $207,000. Royal Bank of Canada grew its position in Fossil Group by 170.3% during the 1st quarter. Royal Bank of Canada now owns 16,660 shares of the accessories brand company’s stock worth $212,000 after acquiring an additional 40,353 shares during the last quarter. United Services Automobile Association bought a new position in Fossil Group during the 2nd quarter worth approximately $220,000. Finally, We Are One Seven LLC bought a new position in Fossil Group during the 3rd quarter worth approximately $232,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.
Shares of NASDAQ:FOSL traded up $1.51 on Thursday, hitting $23.22. The company’s stock had a trading volume of 1,907,697 shares, compared to its average volume of 2,192,236. Fossil Group has a 1 year low of $5.50 and a 1 year high of $32.17. The stock has a market cap of $1.16 billion, a P/E ratio of 464.40 and a beta of -0.12. The company has a quick ratio of 1.13, a current ratio of 2.11 and a debt-to-equity ratio of 0.52.
Fossil Group (NASDAQ:FOSL) last released its quarterly earnings results on Tuesday, August 7th. The accessories brand company reported $0.17 earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.65. Fossil Group had a negative return on equity of 1.21% and a negative net margin of 5.13%. The firm had revenue of $576.60 million for the quarter, compared to analysts’ expectations of $571.95 million. On average, equities research analysts expect that Fossil Group will post 0.77 EPS for the current fiscal 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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