Fossil Group, Inc. (NASDAQ:FOSL) Receives $19.21 Average Price Target from Analysts

Shares of Fossil Group, Inc. (NASDAQ:FOSL) have been assigned an average recommendation of “Hold” from the twenty-one brokerages that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $16.23.

Several analysts have recently weighed in on FOSL shares. Vetr lowered shares of Fossil Group from a “strong-buy” rating to a “buy” rating and set a $18.50 target price on the stock. in a research report on Monday, April 17th. ValuEngine upgraded shares of Fossil Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of Fossil Group from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Thursday, August 3rd. TheStreet lowered shares of Fossil Group from a “c-” rating to a “d+” rating in a research report on Thursday, May 11th. Finally, Nomura reiterated a “hold” rating and set a $13.00 target price on shares of Fossil Group in a research report on Friday, May 12th.

Fossil Group (NASDAQ:FOSL) traded down 6.92% during trading on Friday, hitting $8.20. The stock had a trading volume of 5,573,946 shares. Fossil Group has a 12-month low of $7.92 and a 12-month high of $36.87. The stock’s 50 day moving average price is $10.38 and its 200 day moving average price is $15.12. The firm’s market cap is $397.70 million.

Fossil Group (NASDAQ:FOSL) last issued its earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.05. Fossil Group had a negative net margin of 11.33% and a positive return on equity of 6.34%. The business had revenue of $596.80 million for the quarter, compared to analyst estimates of $617.89 million. During the same period in the previous year, the business earned $0.12 EPS. The firm’s revenue was down 12.9% on a year-over-year basis. On average, analysts anticipate that Fossil Group will post $0.47 EPS for the current fiscal year.

In related news, Chairman Kosta N. Kartsotis sold 1,075,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $11.29, for a total transaction of $12,136,750.00. Following the transaction, the chairman now directly owns 4,183,047 shares of the company’s stock, valued at $47,226,600.63. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Kosta N. Kartsotis sold 520,281 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $10.71, for a total transaction of $5,572,209.51. Following the completion of the transaction, the chairman now directly owns 3,445,546 shares in the company, valued at $36,901,797.66. The disclosure for this sale can be found here. Insiders sold 2,220,281 shares of company stock worth $23,790,210 over the last three months. Insiders own 12.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in FOSL. Louisiana State Employees Retirement System raised its position in Fossil Group by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the accessories brand company’s stock valued at $178,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System increased its stake in Fossil Group by 0.5% in the second quarter. Arizona State Retirement System now owns 22,000 shares of the accessories brand company’s stock worth $228,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund increased its stake in Fossil Group by 1.2% in the second quarter. Texas Permanent School Fund now owns 30,784 shares of the accessories brand company’s stock worth $319,000 after buying an additional 379 shares during the last quarter. Sather Financial Group Inc increased its stake in Fossil Group by 1.0% in the first quarter. Sather Financial Group Inc now owns 50,900 shares of the accessories brand company’s stock worth $888,000 after buying an additional 500 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Fossil Group by 1.9% in the first quarter. Wells Fargo & Company MN now owns 31,572 shares of the accessories brand company’s stock worth $551,000 after buying an additional 586 shares during the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

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Fossil Group Company Profile

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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