Fossil Group Inc (NASDAQ:FOSL) – Investment analysts at Jefferies Group decreased their Q3 2017 earnings per share (EPS) estimates for Fossil Group in a report released on Wednesday. Jefferies Group analyst R. Konik now anticipates that the accessories brand company will post earnings per share of ($0.14) for the quarter, down from their prior forecast of $0.23. Jefferies Group currently has a “Hold” rating and a $13.00 target price on the stock. Jefferies Group also issued estimates for Fossil Group’s Q4 2017 earnings at $1.29 EPS, FY2017 earnings at $0.55 EPS and FY2018 earnings at $0.78 EPS.
Fossil Group (NASDAQ:FOSL) last issued its earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates 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 negative return on equity of 169.99% and a negative net margin of 57.49%. Fossil Group’s revenue was down 12.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. WARNING: This piece was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.com-unik.info/2017/08/12/q3-2017-eps-estimates-for-fossil-group-inc-reduced-by-analyst-nasdaqfosl.html.
Other analysts also recently issued reports about the company. ValuEngine upgraded Fossil Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Vetr downgraded Fossil Group from a “strong-buy” rating to a “buy” rating and set a $18.50 price target for the company. in a research note on Monday, April 17th. Zacks Investment Research upgraded Fossil Group from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Thursday, August 3rd. TheStreet downgraded Fossil Group from a “c-” rating to a “d+” rating in a research note on Thursday, May 11th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $15.00 price target on shares of Fossil Group in a research note on Friday, July 14th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. Fossil Group has an average rating of “Hold” and a consensus target price of $16.23.
Fossil Group (NASDAQ:FOSL) opened at 8.20 on Friday. Fossil Group has a 52 week low of $7.92 and a 52 week high of $36.87. The company has a 50 day moving average price of $10.38 and a 200-day moving average price of $15.12. The firm’s market capitalization is $397.70 million.
Several institutional investors have recently bought and sold shares of FOSL. Nisa Investment Advisors LLC boosted its position 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 worth $250,000 after buying an additional 2,500 shares during the period. FDO Partners LLC acquired a new position in Fossil Group during the first quarter worth approximately $3,379,000. State Board of Administration of Florida Retirement System boosted its position in Fossil Group by 10.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 28,132 shares of the accessories brand company’s stock worth $491,000 after buying an additional 2,615 shares during the period. HighTower Advisors LLC acquired a new position in Fossil Group during the first quarter worth approximately $1,212,000. Finally, Prudential Financial Inc. boosted its position in Fossil Group by 171.2% in the first quarter. Prudential Financial Inc. now owns 380,416 shares of the accessories brand company’s stock worth $6,638,000 after buying an additional 240,130 shares during the period. 97.21% of the stock is owned by institutional investors.
In other news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Kosta N. Kartsotis sold 520,281 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $10.71, for a total value of $5,572,209.51. Following the transaction, the chairman now directly owns 3,445,546 shares of the company’s stock, valued at approximately $36,901,797.66. The disclosure for this sale can be found here. Insiders have sold a total of 2,220,281 shares of company stock valued at $23,790,210 in the last three months. 12.80% of the stock is owned by insiders.
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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