Fossil Group, Inc. (NASDAQ:FOSL) Given Consensus Rating of “Hold” by Analysts

Shares of Fossil Group, Inc. (NASDAQ:FOSL) have been assigned an average rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $9.00.

Several research analysts have commented on FOSL shares. Craig Hallum initiated coverage on Fossil Group in a report on Thursday. They set a “buy” rating and a $12.00 price objective on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Fossil Group in a research report on Friday, July 17th. Wall Street Zen upgraded Fossil Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Northland Securities set a $8.00 price objective on Fossil Group in a report on Thursday, August 13th.

Fossil Group Trading Down 9.2%

Shares of FOSL traded down $0.45 during trading hours on Thursday, reaching $4.41. 292,957 shares of the company traded hands, compared to its average volume of 799,814. The firm has a market cap of $260.98 million, a price-to-earnings ratio of -3.49 and a beta of 1.61. Fossil Group has a 12-month low of $1.70 and a 12-month high of $6.25. The company has a current ratio of 1.76, a quick ratio of 1.05 and a debt-to-equity ratio of 2.74. The stock’s fifty day moving average price is $4.89 and its 200 day moving average price is $4.60.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Wednesday, August 12th. The accessories brand company reported ($0.13) EPS for the quarter, topping the consensus estimate 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 company had revenue of $209.69 million for the quarter, compared to the consensus estimate of $199.33 million. Sell-side analysts forecast that Fossil Group will post -0.04 earnings per share for the current year.

Insider Activity at Fossil Group

In other Fossil Group news, Director Pamela J. Edwards purchased 7,208 shares of Fossil Group stock in a transaction dated Thursday, August 20th. The stock was acquired at an average price 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 $280,400.58. This trade represents a 16.75% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Fossil Group

A number of hedge funds and other institutional investors have recently modified their holdings of FOSL. Public Employees Retirement System of Ohio bought a new position in Fossil Group in the second quarter worth approximately $34,000. Bridgeway Capital Management LLC boosted its position in Fossil Group by 2.5% during the 2nd quarter. Bridgeway Capital Management LLC now owns 425,182 shares of the accessories brand company’s stock valued at $629,000 after acquiring an additional 10,249 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 acquiring an additional 10,399 shares during the period. Empowered Funds LLC raised its position in shares of Fossil Group by 9.3% in the 1st 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 in the last quarter. Finally, Wexford Capital LP bought a new position in shares of Fossil Group in the 3rd quarter worth $28,000. 61.14% of the stock is currently owned by institutional investors.

About Fossil Group

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.