Fossil Group, Inc. (FOSL) Stock Rating Reaffirmed by Piper Jaffray Companies

Fossil Group, Inc. (NASDAQ:FOSL)‘s stock had its “hold” rating reissued by Piper Jaffray Companies in a research report issued to clients and investors on Friday, July 14th. They presently have a $15.00 target price on the accessories brand company’s stock. Piper Jaffray Companies’ price target would indicate a potential upside of 82.93% from the company’s current price.

FOSL has been the topic of a number of other reports. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Fossil Group in a research report on Thursday, March 16th. Jefferies Group LLC set a $19.00 target price on shares of Fossil Group and gave the company a “hold” rating in a research report on Thursday, March 16th. Vetr downgraded shares of Fossil Group from a “strong-buy” rating to a “buy” rating and set a $18.50 price objective on the stock. in a research report on Monday, April 17th. Zacks Investment Research raised shares of Fossil Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 8th. Finally, Telsey Advisory Group lowered their price objective on shares of Fossil Group from $23.00 to $16.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 10th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $16.23.

Fossil Group (NASDAQ:FOSL) opened at 8.20 on Friday. The stock has a 50 day moving average price of $10.38 and a 200 day moving average price of $15.12. Fossil Group has a 12 month low of $7.92 and a 12 month high of $36.87. The stock’s market capitalization is $397.70 million.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings data on Tuesday, August 8th. The accessories brand company reported ($0.23) EPS for the quarter, topping 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 firm had revenue of $596.80 million for the quarter, compared to analyst estimates of $617.89 million. During the same period in the prior year, the business posted $0.12 EPS. The business’s revenue for the quarter was down 12.9% compared to the same quarter last year. On average, equities research analysts forecast that Fossil Group will post $0.47 earnings per share for the current fiscal year.

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In other news, Chairman Kosta N. Kartsotis sold 520,281 shares of the business’s stock in a transaction on 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 transaction, the chairman now directly owns 3,445,546 shares of the company’s stock, valued at $36,901,797.66. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Kosta N. Kartsotis sold 625,000 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $9.73, for a total transaction of $6,081,250.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,220,281 shares of company stock valued at $23,790,210. 12.80% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted 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 valued at $551,000 after buying an additional 586 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Fossil Group by 21.2% in the first quarter. Nisa Investment Advisors LLC now owns 14,300 shares of the accessories brand company’s stock valued at $250,000 after buying an additional 2,500 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Fossil Group by 64.4% in the first quarter. Louisiana State Employees Retirement System now owns 17,100 shares of the accessories brand company’s stock valued at $298,000 after buying an additional 6,700 shares in the last quarter. Capstone Asset Management Co. boosted its stake in Fossil Group by 79.9% in the first quarter. Capstone Asset Management Co. now owns 14,550 shares of the accessories brand company’s stock valued at $254,000 after buying an additional 6,460 shares in the last quarter. Finally, Winslow Asset Management Inc. boosted its stake in Fossil Group by 1.6% in the first quarter. Winslow Asset Management Inc. now owns 168,823 shares of the accessories brand company’s stock valued at $2,946,000 after buying an additional 2,645 shares in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

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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