TheStreet lowered shares of Fossil Group (NASDAQ:FOSL) from a c- rating to a d rating in a research report report published on Thursday, TheStreetRatingsTable reports.
Several other equities research analysts also recently weighed in on FOSL. Zacks Investment Research raised shares of Fossil Group from a hold rating to a buy rating and set a $13.00 target price for the company in a research report on Wednesday, October 23rd. Wells Fargo & Co dropped their target price on shares of Fossil Group from $8.00 to $6.00 and set an underperform rating for the company in a research report on Thursday. BidaskClub raised shares of Fossil Group from a hold rating to a buy rating in a research report on Friday. ValuEngine downgraded shares of Fossil Group from a hold rating to a sell rating in a research report on Friday, November 1st. Finally, Telsey Advisory Group reissued a market perform rating and issued a $12.00 target price (down previously from $15.00) on shares of Fossil Group in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Fossil Group currently has a consensus rating of Hold and an average price target of $10.33.
Shares of NASDAQ FOSL traded down $0.98 during trading on Thursday, hitting $8.93. 3,074,300 shares of the company traded hands, compared to its average volume of 1,447,614. Fossil Group has a 1 year low of $8.92 and a 1 year high of $22.24. The company has a quick ratio of 1.05, a current ratio of 1.92 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $652.60 million, a P/E ratio of 11.45 and a beta of 0.40. The company has a 50-day moving average price of $11.45 and a 200-day moving average price of $11.51.
Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings data on Wednesday, August 7th. The accessories brand company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The firm had revenue of $501.40 million for the quarter, compared to analyst estimates of $499.05 million. Fossil Group had a net margin of 1.40% and a return on equity of 6.94%. The firm’s revenue was down 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.16) EPS. Research analysts predict that Fossil Group will post 1.49 EPS for the current fiscal year.
In other Fossil Group news, EVP Gregory A. Mckelvey acquired 33,600 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average price of $10.22 per share, with a total value of $343,392.00. Following the transaction, the executive vice president now directly owns 432,093 shares in the company, valued at $4,415,990.46. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Darren E. Hart acquired 20,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were acquired at an average cost of $10.03 per share, with a total value of $200,600.00. The disclosure for this purchase can be found here. Insiders bought a total of 153,600 shares of company stock valued at $1,529,992 in the last three months. Insiders own 8.00% of the company’s stock.
Several large investors have recently made changes to their positions in FOSL. Marshall Wace North America L.P. bought a new stake in shares of Fossil Group during the 1st quarter valued at about $26,000. US Bancorp DE grew its position in shares of Fossil Group by 523.7% during the 2nd quarter. US Bancorp DE now owns 2,551 shares of the accessories brand company’s stock valued at $29,000 after buying an additional 2,142 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Fossil Group during the 2nd quarter valued at about $30,000. Bank of Montreal Can bought a new stake in shares of Fossil Group during the 2nd quarter valued at about $45,000. Finally, Flinton Capital Management LLC grew its position in shares of Fossil Group by 22.8% during the 2nd quarter. Flinton Capital Management LLC now owns 6,032 shares of the accessories brand company’s stock valued at $69,000 after buying an additional 1,120 shares during the last quarter.
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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