Fossil Group Inc (NASDAQ:FOSL) has been given an average rating of “Hold” by the six research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $11.00.
Several research analysts have commented on the company. TheStreet lowered Fossil Group from a “c-” rating to a “d” rating in a research report on Thursday, November 7th. Zacks Investment Research raised Fossil Group from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, October 23rd. BidaskClub raised Fossil Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, ValuEngine raised Fossil Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th.
In other news, EVP Gregory A. Mckelvey purchased 8,550 shares of the business’s stock in a transaction on Monday, November 18th. The shares were bought at an average price of $7.25 per share, with a total value of $61,987.50. Following the completion of the transaction, the executive vice president now directly owns 525,257 shares in the company, valued at approximately $3,808,113.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in FOSL. Marshall Wace North America L.P. purchased a new position in shares of Fossil Group in the 1st quarter valued at approximately $26,000. Strs Ohio grew its stake in shares of Fossil Group by 15.6% in the 2nd quarter. Strs Ohio now owns 57,100 shares of the accessories brand company’s stock valued at $656,000 after purchasing an additional 7,700 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Fossil Group in the 2nd quarter valued at approximately $181,000. BNP Paribas Arbitrage SA grew its stake in shares of Fossil Group by 60.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 18,954 shares of the accessories brand company’s stock valued at $218,000 after purchasing an additional 7,168 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of Fossil Group by 93.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 25,760 shares of the accessories brand company’s stock valued at $296,000 after purchasing an additional 12,420 shares during the last quarter. Institutional investors own 97.82% of the company’s stock.
Shares of NASDAQ FOSL traded down $0.08 during midday trading on Friday, hitting $7.43. 35,957 shares of the company’s stock were exchanged, compared to its average volume of 1,455,556. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.06 and a quick ratio of 0.99. Fossil Group has a twelve month low of $6.83 and a twelve month high of $19.35. The company has a market cap of $384.98 million, a PE ratio of 9.52 and a beta of 0.26. The firm’s fifty day simple moving average is $8.98 and its 200-day simple moving average is $10.61.
Fossil Group (NASDAQ:FOSL) last issued its earnings results on Wednesday, November 6th. The accessories brand company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.55). Fossil Group had a return on equity of 3.84% and a net margin of 0.10%. The business had revenue of $539.50 million for the quarter, compared to analyst estimates of $569.20 million. Equities analysts anticipate that Fossil Group will post 0.12 EPS for the current fiscal year.
Fossil Group Company Profile
Fossil Group, Inc designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. Its principal products include men’s and women’s fashion watches and jewelry, smartwatches, handbags, small leather goods, belts, and sunglasses.
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