Brokers Issue Forecasts for Fossil Group Q3 Earnings

Fossil Group, Inc. (NASDAQ:FOSL) – Equities research analysts at Northland Securities lowered their Q3 2026 earnings estimates for Fossil Group in a report released on Tuesday, June 16th. Northland Securities analyst O. Rickert now expects that the accessories brand company will post earnings per share of $0.02 for the quarter, down from their previous estimate of $0.06. Northland Securities has a “Outperform” rating and a $7.00 price target on the stock. The consensus estimate for Fossil Group’s current full-year earnings is ($0.15) per share.

A number of other equities research analysts have also weighed in on FOSL. Maxim Group raised their price objective on Fossil Group from $5.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Wall Street Zen raised shares of Fossil Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fossil Group in a report on Tuesday, April 21st. Finally, Zacks Research upgraded shares of Fossil Group to a “hold” rating in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.00.

Fossil Group Trading Up 2.8%

NASDAQ:FOSL opened at $4.41 on Wednesday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.10 and a current ratio of 1.72. Fossil Group has a one year low of $1.27 and a one year high of $5.74. The business’s 50-day simple moving average is $4.53 and its 200 day simple moving average is $4.15. The stock has a market cap of $260.63 million, a price-to-earnings ratio of -3.87 and a beta of 1.62.

Fossil Group (NASDAQ:FOSL) last posted its earnings results on Wednesday, May 13th. The accessories brand company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.25. The business had revenue of $224.76 million during the quarter, compared to analyst estimates of $204.74 million. Fossil Group had a negative return on equity of 48.51% and a negative net margin of 6.19%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FOSL. Empowered Funds LLC lifted its holdings in Fossil Group by 9.3% in the first quarter. Empowered Funds LLC now owns 124,999 shares of the accessories brand company’s stock worth $539,000 after acquiring an additional 10,596 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Fossil Group during the first quarter valued at $413,000. Sei Investments Co. increased its holdings in shares of Fossil Group by 107.6% in the 1st quarter. Sei Investments Co. now owns 253,771 shares of the accessories brand company’s stock worth $1,094,000 after acquiring an additional 131,531 shares during the period. Dimensional Fund Advisors LP lifted its position in Fossil Group by 6.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 163,035 shares of the accessories brand company’s stock valued at $702,000 after purchasing an additional 10,399 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new position in Fossil Group during the 1st quarter valued at about $123,000. 61.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fossil Group

In other news, Director Wendy Lee Schoppert purchased 24,331 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average cost of $4.14 per share, with a total value of $100,730.34. Following the transaction, the director owned 120,625 shares in the company, valued at approximately $499,387.50. The trade was a 25.27% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.90% of the company’s stock.

Fossil Group Company Profile

Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.

The group’s wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.