Fossil Group, Inc. (FOSL) – What Are Researchers Thinking About This Stock?

Fossil Group, Inc. (NASDAQ:FOSL) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $9.25.

A number of research firms have weighed in on FOSL. Northland Securities set a $8.00 price objective on shares of Fossil Group in a research report on Thursday, August 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fossil Group in a research report on Thursday, October 15th. Lake Street Capital initiated coverage on shares of Fossil Group in a research note on Wednesday, October 7th. They set a “buy” rating and a $10.00 target price for the company. Finally, Craig Hallum began coverage on shares of Fossil Group in a research note on Thursday, September 10th. They set a “buy” rating and a $12.00 target price for the company.

Fossil Group Trading Up 3.0%

Shares of FOSL stock opened at $6.85 on Friday. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.76 and a quick ratio of 1.05. The company has a market cap of $405.11 million, a price-to-earnings ratio of -5.35 and a beta of 1.55. The stock has a 50 day simple moving average of $6.05 and a 200-day simple moving average of $4.81. Fossil Group has a 1-year low of $1.70 and a 1-year high of $7.39.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings results on Wednesday, August 12th. The accessories brand company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.16. Fossil Group had a negative net margin of 7.09% and a negative return on equity of 59.76%. The firm had revenue of $209.69 million for the quarter, compared to analysts’ expectations of $199.33 million. On average, equities research analysts expect that Fossil Group will post -0.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Pamela J. Edwards acquired 7,208 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average cost of $5.58 per share, for a total transaction of $40,220.64. Following the acquisition, the director owned 50,251 shares in the company, valued at approximately $280,400.58. This represents a 16.75% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Fossil Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nantahala Capital Management LLC acquired a new stake in shares of Fossil Group in the second quarter worth approximately $22,791,230. BlackRock Inc. purchased a new stake in shares of Fossil Group during the second quarter worth approximately $15,263,000. Miller Value Partners LLC acquired a new position in Fossil Group in the 2nd quarter valued at $8,874,000. Fund 1 Investments LLC acquired a new position in Fossil Group in the 2nd quarter valued at $2,223,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Fossil Group in the 2nd quarter valued at $1,053,000. Hedge funds and other institutional investors own 61.14% of the company’s stock.

About Fossil Group

Fossil Group, Inc is a global design, sourcing, marketing and distribution company focused primarily on watches and accessories. Its products include traditional watches, jewelry, handbags, small leather goods and other fashion accessories sold through company-operated and third-party retail stores, e-commerce channels and wholesale partners.

The company markets products under its Fossil, Skagen, Michele and Relic brands, as well as through various licensed brand relationships. Fossil Group was founded in 1984 and is headquartered in Richardson, Texas.