Fossil Group, Inc. (NASDAQ:FOSL) Stock Has Average Target Price of $9.00 According to Analysts

Fossil Group, Inc. (NASDAQ:FOSL) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $9.25.

Several research analysts have recently weighed in on the company. Northland Securities set a $8.00 target price on Fossil Group in a research note on Thursday, August 13th. Craig Hallum assumed coverage on shares of Fossil Group in a research note on Thursday, September 10th. They issued a “buy” rating and a $12.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Fossil Group in a report on Friday, July 17th. Finally, Lake Street Capital began coverage on shares of Fossil Group in a report on Wednesday, October 7th. They issued a “buy” rating and a $10.00 price target for the company.

Insider Transactions at Fossil Group

In related news, Director Pamela J. Edwards bought 7,208 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of $5.58 per share, for a total transaction of $40,220.64. Following the completion of the transaction, the director directly owned 50,251 shares in the company, valued at $280,400.58. This trade represents a 16.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is currently owned by insiders.

Institutional Trading of Fossil Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Fossil Group during the second quarter valued at approximately $34,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Fossil Group in the second quarter worth approximately $64,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Fossil Group in the second quarter worth approximately $73,000. State of Wyoming acquired a new stake in shares of Fossil Group in the second quarter worth approximately $101,000. Finally, Cannon Global Investment Management LLC purchased a new stake in shares of Fossil Group during the first quarter worth approximately $110,000. Hedge funds and other institutional investors own 61.14% of the company’s stock.

Fossil Group Stock Performance

NASDAQ FOSL opened at $7.15 on Monday. The stock has a market capitalization of $422.85 million, a price-to-earnings ratio of -5.59 and a beta of 1.55. The stock has a 50-day moving average of $5.71 and a 200 day moving average of $4.86. The company has a current ratio of 1.76, a quick ratio of 1.05 and a debt-to-equity ratio of 2.74. Fossil Group has a twelve month low of $1.70 and a twelve month high of $7.33.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Wednesday, August 12th. The accessories brand company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.16. The company had revenue of $209.69 million for the quarter, compared to the consensus estimate of $199.33 million. Fossil Group had a negative return on equity of 59.76% and a negative net margin of 7.09%. Sell-side analysts anticipate that Fossil Group will post -0.04 EPS for the current fiscal year.

About Fossil Group

Fossil Group, Inc is a global design, marketing and distribution company focused on consumer lifestyle accessories. The company is best known for watches and also offers jewelry, handbags, small leather goods and other accessories.

Fossil Group markets products under its owned brands, including Fossil, Skagen, Michele and Zodiac, as well as through licensed and other brand relationships. Its products are sold through company-operated and third-party retail stores, e-commerce platforms and other distribution channels.

Founded in 1984 by Tom Kartsotis, the company is headquartered in Richardson, Texas, and serves customers in markets across North America, Europe, Asia and other international regions.