Fossil Group (FOSL) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Fossil Group (NASDAQ:FOSL) from a sell rating to a hold rating in a research note released on Wednesday morning.

Other equities research analysts have also issued reports about the company. Buckingham Research lowered their price objective on Fossil Group from $9.00 to $5.00 and set a neutral rating on the stock in a research note on Wednesday, November 8th. Telsey Advisory Group upped their price objective on Fossil Group from $7.00 to $15.00 and gave the company a market perform rating in a research note on Wednesday. BidaskClub upgraded Fossil Group from a hold rating to a buy rating in a research note on Tuesday, January 16th. KeyCorp reiterated an overweight rating and issued a $25.00 price objective (up from $15.00) on shares of Fossil Group in a research note on Wednesday. Finally, Bank of America lowered their price objective on Fossil Group from $7.00 to $4.00 and set an underperform rating on the stock in a research note on Wednesday, November 8th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $12.75.

Fossil Group (FOSL) opened at $14.52 on Wednesday. Fossil Group has a 12 month low of $5.50 and a 12 month high of $21.03. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.09 and a current ratio of 2.54. The stock has a market capitalization of $704.38, a PE ratio of 145.15 and a beta of 0.65.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Tuesday, February 13th. The accessories brand company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.24. Fossil Group had a positive return on equity of 0.65% and a negative net margin of 17.15%. The firm had revenue of $920.80 million for the quarter, compared to analyst estimates of $890.47 million. During the same period in the previous year, the company posted $1.03 earnings per share. equities analysts anticipate that Fossil Group will post -0.18 EPS for the current fiscal year.

In other Fossil Group news, EVP Martin Frey purchased 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were acquired at an average cost of $7.41 per share, for a total transaction of $55,575.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 12.80% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its position in Fossil Group by 3.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,365 shares of the accessories brand company’s stock worth $357,000 after acquiring an additional 1,288 shares during the last quarter. Thrivent Financial For Lutherans grew its position in Fossil Group by 5.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 25,280 shares of the accessories brand company’s stock worth $262,000 after acquiring an additional 1,390 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Fossil Group by 1.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 114,243 shares of the accessories brand company’s stock worth $1,182,000 after acquiring an additional 1,413 shares during the last quarter. Voya Investment Management LLC grew its position in Fossil Group by 18.8% during the 2nd quarter. Voya Investment Management LLC now owns 19,208 shares of the accessories brand company’s stock worth $199,000 after acquiring an additional 3,033 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in Fossil Group by 14.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 32,391 shares of the accessories brand company’s stock worth $335,000 after acquiring an additional 4,197 shares during the last quarter. Institutional investors and hedge funds own 92.48% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Fossil Group (NASDAQ:FOSL)

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