A number of other research analysts have also recently issued reports on the stock. ValuEngine cut shares of Fossil Group from a sell rating to a strong sell rating in a report on Tuesday, August 13th. Telsey Advisory Group reissued a market perform rating and issued a $12.00 price target (down from $15.00) on shares of Fossil Group in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating to the company’s stock. Fossil Group currently has an average rating of Hold and an average target price of $14.00.
Fossil Group stock opened at $13.80 on Friday. Fossil Group has a 12-month low of $9.00 and a 12-month high of $25.52. The firm has a 50-day moving average price of $11.05 and a 200-day moving average price of $12.31. The firm has a market capitalization of $692.98 million, a PE ratio of 17.69 and a beta of 0.45. The company has a current ratio of 1.92, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87.
Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings data on Wednesday, August 7th. The accessories brand company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.03. The company had revenue of $501.40 million for the quarter, compared to analysts’ expectations of $499.05 million. Fossil Group had a return on equity of 6.94% and a net margin of 1.40%. Fossil Group’s revenue was down 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.16) earnings per share. As a group, sell-side analysts predict that Fossil Group will post 1.49 earnings per share for the current fiscal year.
In other news, insider Darren E. Hart acquired 20,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were bought at an average cost of $10.03 per share, with a total value of $200,600.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Gregory A. Mckelvey purchased 100,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was acquired at an average price of $9.86 per share, for a total transaction of $986,000.00. Following the completion of the purchase, the executive vice president now owns 432,093 shares of the company’s stock, valued at $4,260,436.98. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 153,600 shares of company stock valued at $1,529,992. Company insiders own 8.00% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its stake in shares of Fossil Group by 0.3% in the 1st quarter. FMR LLC now owns 7,437,523 shares of the accessories brand company’s stock worth $102,043,000 after acquiring an additional 20,000 shares during the period. Vanguard Group Inc. lifted its stake in Fossil Group by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 7,144,848 shares of the accessories brand company’s stock valued at $82,166,000 after buying an additional 111,037 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Fossil Group by 1.9% during the second quarter. BlackRock Inc. now owns 6,811,086 shares of the accessories brand company’s stock valued at $78,327,000 after acquiring an additional 127,049 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Fossil Group by 39.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,744,558 shares of the accessories brand company’s stock worth $20,062,000 after purchasing an additional 492,935 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Fossil Group by 10.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,715,698 shares of the accessories brand company’s stock worth $26,989,000 after acquiring an additional 169,086 shares during the last quarter.
About Fossil Group
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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