Fossil Group Inc (NASDAQ:FOSL) has earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $19.33.
FOSL has been the topic of several research reports. Zacks Investment Research lowered Great Portland Estates from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. BidaskClub lowered Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, ValuEngine raised Valmont Industries from a “sell” rating to a “hold” rating in a research report on Friday.
In other news, EVP Martin Frey bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were acquired at an average cost of $9.70 per share, with a total value of $48,500.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.00% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC increased its holdings in Fossil Group by 0.3% in the 1st quarter. FMR LLC now owns 7,437,523 shares of the accessories brand company’s stock valued at $102,043,000 after purchasing an additional 20,000 shares in the last quarter. BlackRock Inc. increased its holdings in Fossil Group by 1.4% in the 4th quarter. BlackRock Inc. now owns 6,665,046 shares of the accessories brand company’s stock valued at $104,842,000 after purchasing an additional 93,411 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Fossil Group by 10.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,715,698 shares of the accessories brand company’s stock valued at $26,989,000 after purchasing an additional 169,086 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Fossil Group by 567.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,572,406 shares of the accessories brand company’s stock valued at $21,574,000 after purchasing an additional 1,336,698 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Fossil Group by 14.0% in the 4th quarter. Geode Capital Management LLC now owns 828,880 shares of the accessories brand company’s stock valued at $13,038,000 after purchasing an additional 101,892 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of Fossil Group stock traded up $0.04 during trading hours on Tuesday, reaching $11.35. 502,700 shares of the company’s stock were exchanged, compared to its average volume of 1,490,721. Fossil Group has a 52-week low of $9.46 and a 52-week high of $29.59. The company has a market capitalization of $571.37 million, a price-to-earnings ratio of 14.55 and a beta of 0.55. The company’s fifty day moving average is $10.84. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.99 and a quick ratio of 1.22.
Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Wednesday, May 8th. The accessories brand company reported ($0.42) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.11. Fossil Group had a return on equity of 8.88% and a net margin of 1.34%. The company had revenue of $465.30 million for the quarter, compared to analyst estimates of $453.97 million. During the same quarter in the prior year, the company posted ($0.99) EPS. The business’s revenue for the quarter was down 18.3% compared to the same quarter last year. As a group, equities analysts forecast that Fossil Group will post 0.55 EPS for the current year.
Fossil Group Company Profile
Fossil Group, Inc designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. Its principal products include men's and women's fashion watches and jewelry, smartwatches, handbags, small leather goods, belts, and sunglasses.
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