Fossil Group (NASDAQ:FOSL) Sets New 12-Month High Following Earnings Beat

Fossil Group, Inc. (NASDAQ:FOSL)’s share price hit a new 52-week high on Wednesday following a stronger than expected earnings report. The stock traded as high as $9.93 and last traded at $9.9860, with a volume of 177,080 shares. The stock had previously closed at $7.87.

The accessories brand company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.23. The firm had revenue of $271.20 million during the quarter, compared to analyst estimates of $248.66 million. Fossil Group had a negative net margin of 7.09% and a negative return on equity of 59.76%. During the same period in the previous year, the business posted ($0.76) earnings per share.

Key Headlines Impacting Fossil Group

Here are the key news stories impacting Fossil Group this week:

• Positive Sentiment: Fossil reported third-quarter revenue of $271 million, up 0.4% year over year (2.0% at constant currency) and ahead of analysts’ expectations of about $249 million. Earnings were $0.19 per share, beating estimates, and the company swung to a profit from a loss a year earlier. Fossil Group third-quarter 2026 financial results
• Positive Sentiment: Management said the turnaround is ahead of plan, and Fossil raised its fiscal 2026 sales guidance. The return to sales growth after four years of declines may strengthen confidence in the recovery, though execution remains important. Fossil shares and raised sales guidance Fossil CEO on turnaround progress
• Neutral Sentiment: Fossil extended its global Diesel licensing agreement for five years and renewed its partnership with Nick Jonas for two watch collections. These deals support the brand portfolio, but the reports provide no financial estimates for their impact. Diesel licensing extension Nick Jonas partnership extension

Analysts Set New Price Targets

FOSL has been the subject of several research reports. Northland Securities set a $8.00 price target on shares of Fossil Group in a research report on Thursday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Fossil Group in a report on Thursday, October 15th. Lake Street Capital began coverage on shares of Fossil Group in a research report on Wednesday, October 7th. They set a “buy” rating and a $10.00 target price for the company. Finally, Craig Hallum started coverage on shares of Fossil Group in a research report on Thursday, September 10th. They set a “buy” rating and a $12.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.25.

Insider Transactions at Fossil Group

In related news, Director Pamela J. Edwards purchased 7,208 shares of Fossil Group stock in a transaction on Thursday, August 20th. The stock was 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 represents a 16.75% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Fossil Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its holdings in Fossil Group by 10.3% during the third quarter. Russell Investments Group Ltd. now owns 52,238 shares of the accessories brand company’s stock valued at $343,000 after purchasing an additional 4,899 shares in the last quarter. Headlands Technologies LLC increased its stake in shares of Fossil Group by 132.1% in the second quarter. Headlands Technologies LLC now owns 55,214 shares of the accessories brand company’s stock worth $229,000 after purchasing an additional 31,422 shares in the last quarter. Nantahala Capital Management LLC purchased a new stake in shares of Fossil Group in the second quarter worth $22,791,230. Empowered Funds LLC bought a new stake in shares of Fossil Group during the 2nd quarter valued at $558,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Fossil Group during the 2nd quarter valued at $34,000. Institutional investors own 61.14% of the company’s stock.

Fossil Group Stock Performance

The company has a current ratio of 1.76, a quick ratio of 1.05 and a debt-to-equity ratio of 2.74. The business’s 50 day moving average is $6.37 and its two-hundred day moving average is $4.95. The company has a market cap of $589.39 million, a PE ratio of -8.10 and a beta of 1.61.

About Fossil Group

Fossil Group, Inc. is a global design, sourcing, marketing and distribution company focused primarily on watches and accessories. Its products include traditional watches, jewelry, handbags, small leather goods and other fashion accessories sold through company-operated and third-party retail stores, e-commerce channels and wholesale partners. The company markets products under its Fossil, Skagen, Michele and Relic brands, as well as through various licensed brand relationships. Fossil Group was founded in 1984 and is headquartered in Richardson, Texas.