Shares of Fossil Group, Inc. (NASDAQ:FOSL) have earned a consensus rating of “Hold” from the twenty ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.96.
A number of equities research analysts have recently weighed in on the company. ValuEngine raised Fossil Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Zacks Investment Research raised Fossil Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 17th. Cowen and Company cut their price objective on Fossil Group from $15.00 to $12.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 10th. Piper Jaffray Companies reissued a “hold” rating and issued a $15.00 price objective on shares of Fossil Group in a research note on Friday, July 14th. Finally, BidaskClub raised Fossil Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th.
Fossil Group (NASDAQ FOSL) traded up 0.64% during mid-day trading on Friday, reaching $11.04. 1,891,617 shares of the company were exchanged. The company has a market cap of $535.04 million, a P/E ratio of 21.65 and a beta of 0.71. The stock’s 50-day moving average is $10.15 and its 200-day moving average is $16.09. Fossil Group has a 12 month low of $8.98 and a 12 month high of $36.87.
Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Tuesday, May 9th. The accessories brand company reported ($0.35) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.14. Fossil Group had a return on equity of 7.59% and a net margin of 0.84%. The firm had revenue of $582 million for the quarter, compared to analysts’ expectations of $590.51 million. During the same period last year, the business earned $0.12 earnings per share. The firm’s revenue for the quarter was down 11.8% on a year-over-year basis. Equities analysts expect that Fossil Group will post $0.84 earnings per share for the current year.
In other Fossil Group news, Chairman Kosta N. Kartsotis sold 520,281 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $10.71, for a total value of $5,572,209.51. Following the transaction, the chairman now owns 3,445,546 shares of the company’s stock, valued at $36,901,797.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Kosta N. Kartsotis sold 1,075,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $11.29, for a total value of $12,136,750.00. Following the completion of the transaction, the chairman now directly owns 4,183,047 shares in the company, valued at approximately $47,226,600.63. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,220,281 shares of company stock worth $23,790,210. 12.80% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of FOSL. BlackRock Inc. raised its stake in Fossil Group by 19,301.2% in the first quarter. BlackRock Inc. now owns 5,209,210 shares of the accessories brand company’s stock valued at $90,900,000 after buying an additional 5,182,360 shares in the last quarter. Vanguard Group Inc. raised its stake in Fossil Group by 14.5% in the first quarter. Vanguard Group Inc. now owns 3,644,137 shares of the accessories brand company’s stock valued at $63,591,000 after buying an additional 462,851 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Fossil Group by 86.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,746,955 shares of the accessories brand company’s stock valued at $30,484,000 after buying an additional 810,769 shares in the last quarter. Teachers Advisors LLC raised its stake in Fossil Group by 7.4% in the fourth quarter. Teachers Advisors LLC now owns 1,277,667 shares of the accessories brand company’s stock valued at $33,040,000 after buying an additional 88,087 shares in the last quarter. Finally, C Partners Holding GmbH acquired a new stake in Fossil Group during the first quarter valued at approximately $11,652,000. 97.21% of the stock is currently owned by institutional investors.
About Fossil Group
Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity.
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