Fossil Group (FOSL) Earns Coverage Optimism Score of 0.19
Media headlines about Fossil Group (NASDAQ:FOSL) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fossil Group earned a news impact score of 0.19 on Accern’s scale. Accern also assigned press coverage about the accessories brand company an impact score of 45.6617030140939 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of equities analysts recently weighed in on the company. Zacks Investment Research raised Fossil Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Wells Fargo & Co reissued an “underperform” rating and set a $7.00 price objective (down from $8.00) on shares of Fossil Group in a report on Thursday, August 10th. Jefferies Group LLC reissued a “hold” rating and set a $13.00 price objective on shares of Fossil Group in a report on Wednesday, August 9th. Buckingham Research decreased their price objective on Fossil Group from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, August 9th. Finally, Bank of America Corporation set a $7.00 price objective on Fossil Group and gave the company a “sell” rating in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. Fossil Group has an average rating of “Hold” and an average price target of $16.23.
Fossil Group (FOSL) traded up 1.02% during trading on Friday, hitting $8.88. The stock had a trading volume of 1,215,780 shares. The stock has a 50 day moving average price of $8.82 and a 200-day moving average price of $12.36. The stock’s market cap is $430.87 million. Fossil Group has a 12 month low of $6.80 and a 12 month high of $36.87.
Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings data on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.05. The business had revenue of $596.80 million during the quarter, compared to analyst estimates of $617.89 million. Fossil Group had a positive return on equity of 6.34% and a negative net margin of 11.33%. The company’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same period last year, the company earned $0.12 EPS. On average, equities analysts predict that Fossil Group will post $0.47 EPS for the current year.
In other Fossil Group news, insider Darren E. Hart purchased 14,347 shares of Fossil Group stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average cost of $6.99 per share, for a total transaction of $100,285.53. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory A. Mckelvey purchased 5,712 shares of Fossil Group stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average price of $8.73 per share, for a total transaction of $49,865.76. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 114,945 shares of company stock worth $923,917. Company insiders own 12.80% of the company’s stock.
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About Fossil Group
Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include 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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