Fossil Group, Inc. (FOSL) Earns Hold Rating from Oppenheimer Holdings, Inc.
Several other research firms have also commented on FOSL. Evercore ISI lowered shares of Fossil Group from a buy rating to a hold rating in a research report on Wednesday, February 1st. Piper Jaffray Companies reiterated a sell rating and set a $25.00 price objective on shares of Fossil Group in a research report on Thursday, October 20th. Mizuho downgraded shares of Fossil Group from a neutral rating to an underperform rating and reduced their target price for the company from $25.00 to $19.00 in a research note on Friday, February 10th. Wells Fargo & Company reissued a hold rating and issued a $51.00 target price (up previously from $49.00) on shares of Fossil Group in a research note on Tuesday, October 25th. Finally, Cowen and Company reduced their target price on shares of Fossil Group from $25.00 to $21.00 and set a hold rating on the stock in a research note on Thursday, February 9th. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $25.25.
Shares of Fossil Group (NASDAQ:FOSL) opened at 20.24 on Tuesday. Fossil Group has a 1-year low of $18.10 and a 1-year high of $51.93. The company’s 50-day moving average is $24.64 and its 200 day moving average is $28.61. The company has a market cap of $975.57 million, a price-to-earnings ratio of 12.42 and a beta of 1.59.
Fossil Group (NASDAQ:FOSL) last released its quarterly earnings data on Tuesday, February 14th. The company reported $1.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by $0.18. Fossil Group had a net margin of 3.24% and a return on equity of 12.56%. The business had revenue of $959 million for the quarter, compared to the consensus estimate of $977.13 million. During the same quarter last year, the business earned $1.46 EPS. Fossil Group’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities analysts anticipate that Fossil Group will post $1.73 EPS for the current year.
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In related news, insider Darren E. Hart sold 13,125 shares of the firm’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $34.42, for a total value of $451,762.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Elaine B. Agather sold 1,800 shares of the firm’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $31.77, for a total transaction of $57,186.00. The disclosure for this sale can be found here. Company insiders own 13.80% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Seven Eight Capital LP bought a new position in Fossil Group during the fourth quarter valued at approximately $109,000. Emerald Acquisition Ltd. bought a new position in Fossil Group during the second quarter valued at approximately $143,000. Teacher Retirement System of Texas increased its position in Fossil Group by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 6,064 shares of the company’s stock valued at $173,000 after buying an additional 742 shares in the last quarter. Boothbay Fund Management LLC bought a new position in Fossil Group during the fourth quarter valued at approximately $212,000. Finally, Renaissance Technologies LLC bought a new position in Fossil Group during the fourth quarter valued at approximately $217,000. 95.01% of the stock is currently owned by institutional investors.
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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