Fossil Group (NASDAQ:FOSL) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Monday, ValuEngine reports.

FOSL has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Fossil Group from a “hold” rating to a “strong sell” rating in a research note on Monday, February 18th. Wells Fargo & Co cut their target price on shares of Fossil Group from $14.00 to $8.00 and set an “underperform” rating on the stock in a research note on Thursday, February 14th. BidaskClub lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $17.00 target price on shares of Fossil Group in a research note on Thursday, February 14th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $20.00.

FOSL stock opened at $11.52 on Monday. Fossil Group has a 12-month low of $9.46 and a 12-month high of $32.17. The stock has a market capitalization of $487.26 million, a price-to-earnings ratio of 14.77 and a beta of 0.41. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.99.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings data on Wednesday, May 8th. The accessories brand company reported ($0.42) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.11. Fossil Group had a net margin of 1.34% and a return on equity of 8.88%. The firm had revenue of $465.30 million for the quarter, compared to analysts’ expectations of $453.97 million. During the same quarter in the previous year, the company earned ($0.99) earnings per share. The company’s revenue for the quarter was down 18.3% compared to the same quarter last year. As a group, equities analysts predict that Fossil Group will post 0.55 EPS for the current year.

In related news, EVP Martin Frey bought 5,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were purchased at an average price of $9.70 per share, with a total value of $48,500.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in Fossil Group by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 31,606 shares of the accessories brand company’s stock worth $497,000 after acquiring an additional 695 shares in the last quarter. Synovus Financial Corp boosted its stake in Fossil Group by 1.9% during the fourth quarter. Synovus Financial Corp now owns 43,877 shares of the accessories brand company’s stock worth $690,000 after acquiring an additional 827 shares in the last quarter. Triad Investment Management boosted its stake in Fossil Group by 0.6% during the first quarter. Triad Investment Management now owns 147,505 shares of the accessories brand company’s stock worth $2,024,000 after acquiring an additional 838 shares in the last quarter. United Services Automobile Association boosted its stake in Fossil Group by 9.3% during the fourth quarter. United Services Automobile Association now owns 11,045 shares of the accessories brand company’s stock worth $174,000 after acquiring an additional 943 shares in the last quarter. Finally, Texas Permanent School Fund boosted its stake in Fossil Group by 4.1% during the fourth quarter. Texas Permanent School Fund now owns 29,774 shares of the accessories brand company’s stock worth $468,000 after acquiring an additional 1,184 shares in the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Fossil Group Company Profile

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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