Shares of Fossil Group Inc (NASDAQ:FOSL) have received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $19.33.
Several research firms recently issued reports on FOSL. BidaskClub cut Weyco Group from a “sell” rating to a “strong sell” rating in a report on Saturday. ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday. Finally, Zacks Investment Research cut Great Portland Estates from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th.
Fossil Group stock traded up $0.44 during mid-day trading on Tuesday, hitting $11.48. The stock had a trading volume of 852,139 shares, compared to its average volume of 843,823. The firm’s 50-day moving average is $10.83. The firm has a market cap of $571.37 million, a PE ratio of 12.08 and a beta of 0.55. Fossil Group has a 12 month low of $9.46 and a 12 month high of $29.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.99 and a quick ratio of 1.22.
Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Wednesday, May 8th. The accessories brand company reported ($0.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.11. The business had revenue of $465.30 million for the quarter, compared to analysts’ expectations of $453.97 million. Fossil Group had a return on equity of 8.88% and a net margin of 1.34%. The firm’s quarterly revenue was down 18.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.99) earnings per share. Research analysts forecast that Fossil Group will post 0.55 earnings per share for the current year.
In related news, EVP Martin Frey bought 5,000 shares of Fossil Group stock in a transaction on Friday, May 31st. The shares were purchased at an average price of $9.70 per share, for a total transaction of $48,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 8.00% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. United Services Automobile Association boosted its holdings in Fossil Group by 9.3% during the fourth quarter. United Services Automobile Association now owns 11,045 shares of the accessories brand company’s stock worth $174,000 after buying an additional 943 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Fossil Group during the fourth quarter worth about $2,315,000. FMR LLC raised its position in shares of Fossil Group by 0.5% during the fourth quarter. FMR LLC now owns 7,417,523 shares of the accessories brand company’s stock worth $116,677,000 after purchasing an additional 40,142 shares during the period. Triad Investment Management raised its position in shares of Fossil Group by 0.6% during the first quarter. Triad Investment Management now owns 147,505 shares of the accessories brand company’s stock worth $2,024,000 after purchasing an additional 838 shares during the period. Finally, Alps Advisors Inc. raised its position in shares of Fossil Group by 9.4% during the first quarter. Alps Advisors Inc. now owns 45,604 shares of the accessories brand company’s stock worth $626,000 after purchasing an additional 3,923 shares during the period. Hedge funds and other institutional investors own 89.08% of the company’s stock.
About Fossil Group
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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