Shares of Fossil Group Inc (NASDAQ:FOSL) have been assigned a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.83.
FOSL has been the topic of several research reports. Wells Fargo & Co cut their price target on shares of Fossil Group from $3.00 to $2.50 and set an “underweight” rating on the stock in a report on Monday, March 16th. ValuEngine upgraded shares of Fossil Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 5th.
Shares of FOSL traded up $0.30 during mid-day trading on Tuesday, hitting $4.47. 1,099,000 shares of the company traded hands, compared to its average volume of 1,750,921. Fossil Group has a 1-year low of $2.69 and a 1-year high of $14.11. The company has a quick ratio of 1.14, a current ratio of 2.09 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $210.93 million, a PE ratio of -1.83 and a beta of 0.95. The business has a 50 day moving average of $4.01 and a 200 day moving average of $5.24.
Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Wednesday, June 3rd. The accessories brand company reported ($1.51) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($1.51). Fossil Group had a negative net margin of 5.87% and a negative return on equity of 17.97%. The company had revenue of $390.70 million for the quarter.
In related news, EVP Gregory A. Mckelvey bought 30,000 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was acquired at an average cost of $5.00 per share, with a total value of $150,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory A. Mckelvey bought 120,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was bought at an average cost of $5.98 per share, with a total value of $717,600.00. Following the completion of the purchase, the executive vice president now directly owns 850,394 shares in the company, valued at $5,085,356.12. The disclosure for this purchase can be found here. Company insiders own 8.00% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace North America L.P. acquired a new stake in shares of Fossil Group during the 1st quarter worth about $26,000. California Public Employees Retirement System increased its position in shares of Fossil Group by 138.5% during the 4th quarter. California Public Employees Retirement System now owns 192,639 shares of the accessories brand company’s stock worth $1,518,000 after purchasing an additional 111,872 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Fossil Group by 76.8% during the 4th quarter. Russell Investments Group Ltd. now owns 69,300 shares of the accessories brand company’s stock worth $545,000 after purchasing an additional 30,100 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Fossil Group by 136.7% during the 4th quarter. Victory Capital Management Inc. now owns 31,700 shares of the accessories brand company’s stock worth $213,000 after purchasing an additional 18,308 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Fossil Group by 6.0% during the 4th quarter. Rhumbline Advisers now owns 160,926 shares of the accessories brand company’s stock worth $1,268,000 after purchasing an additional 9,118 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.
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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