News coverage about Fossil Group (NASDAQ:FOSL) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Fossil Group earned a coverage optimism score of 0.02 on Accern’s scale. Accern also assigned news coverage about the accessories brand company an impact score of 45.783254709665 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Can Fossil Group’s Wearables Segment Drive Performance? – Nasdaq (nasdaq.com)
- Can Fossil Group's Wearables Segment Drive Performance? (finance.yahoo.com)
- Fossil Group, Inc. (FOSL) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Trending Hot Stock’s Analysis – Fossil Group, Inc., (NASDAQ: FOSL) – Stock Watch (stocksnewstimes.com)
A number of equities analysts have issued reports on FOSL shares. Zacks Investment Research upgraded Fossil Group from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $13.00 price target on shares of Fossil Group in a research report on Wednesday, August 9th. Piper Jaffray Companies set a $10.00 price target on Fossil Group and gave the stock a “hold” rating in a research report on Thursday, October 12th. ValuEngine downgraded Fossil Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Telsey Advisory Group lowered their price target on Fossil Group from $13.00 to $11.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 9th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $13.54.
Shares of Fossil Group (NASDAQ FOSL) opened at $7.95 on Friday. Fossil Group has a fifty-two week low of $5.50 and a fifty-two week high of $36.87. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.32 and a quick ratio of 1.09. The company has a market capitalization of $369.78, a P/E ratio of 8.78 and a beta of 0.77.
Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Tuesday, November 7th. The accessories brand company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.28) by $0.32. Fossil Group had a positive return on equity of 4.75% and a negative net margin of 12.33%. The firm had revenue of $689.00 million during the quarter, compared to analysts’ expectations of $649.87 million. During the same quarter last year, the firm earned $0.36 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. research analysts forecast that Fossil Group will post -0.22 EPS for the current year.
In other Fossil Group news, insider Darren E. Hart bought 14,347 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average price of $6.99 per share, with a total value of $100,285.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gregory A. Mckelvey bought 110,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were acquired at an average cost of $6.22 per share, with a total value of $684,200.00. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 192,147 shares of company stock valued at $1,329,006. 12.80% of the stock is owned by insiders.
Fossil Group Company Profile
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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