Fossil Group Inc (NASDAQ:FOSL) Receives Consensus Rating of “Hold” from Analysts

Fossil Group Inc (NASDAQ:FOSL) has earned an average rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $10.00.

A number of analysts have commented on the stock. ValuEngine cut shares of Fossil Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 13th. Telsey Advisory Group reissued a “market perform” rating and set a $12.00 price objective (down previously from $15.00) on shares of Fossil Group in a research report on Monday, August 5th. Finally, BidaskClub cut shares of Fossil Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

FOSL traded up $0.13 during trading on Friday, reaching $12.34. 1,346,654 shares of the stock traded hands, compared to its average volume of 1,606,654. 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 stock has a market capitalization of $616.26 million, a PE ratio of 15.82 and a beta of 0.45. The stock’s 50-day moving average is $11.44 and its 200 day moving average is $12.17. Fossil Group has a 12 month low of $9.00 and a 12 month high of $25.21.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Wednesday, August 7th. The accessories brand company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.03. The business had revenue of $501.40 million for the quarter, compared to analysts’ expectations of $499.05 million. Fossil Group had a net margin of 1.40% and a return on equity of 6.94%. The business’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.16) earnings per share. As a group, equities research analysts anticipate that Fossil Group will post 1.49 EPS for the current year.

In related news, insider Darren E. Hart acquired 20,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were bought at an average price of $10.03 per share, with a total value of $200,600.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Gregory A. Mckelvey acquired 33,600 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were bought at an average cost of $10.22 per share, for a total transaction 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 disclosure for this purchase can be found here. Insiders have bought a total of 153,600 shares of company stock worth $1,529,992 in the last three months. Insiders own 8.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Fossil Group by 10.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,715,698 shares of the accessories brand company’s stock worth $26,989,000 after acquiring an additional 169,086 shares during the last quarter. Quantamental Technologies LLC raised its holdings in shares of Fossil Group by 458.7% in the 2nd quarter. Quantamental Technologies LLC now owns 7,828 shares of the accessories brand company’s stock worth $90,000 after acquiring an additional 6,427 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings 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 worth $218,000 after acquiring an additional 7,168 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Fossil Group by 22.2% in the 2nd quarter. Pacer Advisors Inc. now owns 79,497 shares of the accessories brand company’s stock worth $914,000 after acquiring an additional 14,450 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Fossil Group by 567.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,572,406 shares of the accessories brand company’s stock worth $21,574,000 after acquiring an additional 1,336,698 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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