Shares of Fossil Group Inc. (NASDAQ:FOSL) have been assigned a consensus rating of “Hold” from the twenty ratings firms that are currently covering the company. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $30.80.
A number of equities research analysts recently commented on the company. Piper Jaffray Cos. restated a “sell” rating and set a $25.00 price target on shares of Fossil Group in a research report on Sunday, July 17th. TheStreet lowered Fossil Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 7th. Mizuho increased their price target on Fossil Group from $27.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. Jefferies Group restated a “hold” rating on shares of Fossil Group in a research report on Monday, September 12th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $30.00 price objective on shares of Fossil Group in a research report on Wednesday, August 10th.
Shares of Fossil Group (NASDAQ:FOSL) traded up 1.79% on Tuesday, hitting $27.83. The stock had a trading volume of 1,022,952 shares. Fossil Group has a one year low of $26.03 and a one year high of $59.07. The company has a market capitalization of $1.34 billion, a P/E ratio of 9.63 and a beta of 1.89. The firm has a 50 day moving average price of $29.59 and a 200 day moving average price of $33.87.
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Fossil Group (NASDAQ:FOSL) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. The business had revenue of $685 million for the quarter, compared to analyst estimates of $670.97 million. Fossil Group had a return on equity of 16.91% and a net margin of 4.49%. Fossil Group’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.12 EPS. On average, equities research analysts predict that Fossil Group will post $1.87 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Vulcan Value Partners LLC boosted its position in Fossil Group by 4.1% in the second quarter. Vulcan Value Partners LLC now owns 11,611,725 shares of the company’s stock worth $331,283,000 after buying an additional 459,907 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Fossil Group by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 2,958,131 shares of the company’s stock valued at $84,395,000 after buying an additional 17,464 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Fossil Group by 5.3% in the second quarter. Vanguard Group Inc. now owns 2,949,371 shares of the company’s stock valued at $84,146,000 after buying an additional 149,439 shares during the last quarter. Eminence Capital LP boosted its position in shares of Fossil Group by 19.8% in the second quarter. Eminence Capital LP now owns 2,136,408 shares of the company’s stock valued at $60,952,000 after buying an additional 352,570 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of Fossil Group by 48.7% in the second quarter. BlackRock Fund Advisors now owns 2,064,524 shares of the company’s stock valued at $58,901,000 after buying an additional 675,764 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.
Fossil Group Company Profile
Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments are 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.
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