Media headlines about Fossil Group (NASDAQ:FOSL) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Fossil Group earned a news impact score of 0.20 on Accern’s scale. Accern also gave news headlines about the accessories brand company an impact score of 46.0460629610193 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Fossil | $FOSL Stock | Shares Crumble Nearly 22% On Earnings (trikkles.com)
- Fossil Group, Inc. (NASDAQ:FOSL) Shares Sold by American International Group Inc (iphonefresh.com)
- Fossil Group, Inc. breached its 50 day moving average in a Bearish Manner : FOSL-US : August 10, 2017 (finance.yahoo.com)
- Fossil Continues to Decline, Sluggish Watch Sales a Concern (finance.yahoo.com)
- Fossil’s Balance Sheet OK for Now (finance.yahoo.com)
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Fossil Group from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, August 3rd. Buckingham Research reduced their price objective on shares of Fossil Group from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday. Bank of America Corporation set a $7.00 price objective on shares of Fossil Group and gave the stock a “sell” rating in a research note on Wednesday. Wells Fargo & Company set a $12.00 price objective on shares of Fossil Group and gave the stock a “sell” rating in a research note on Wednesday, May 10th. Finally, Telsey Advisory Group reduced their price objective on shares of Fossil Group from $23.00 to $16.00 and set a “market perform” rating for the company in a research note on Wednesday, May 10th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Fossil Group has an average rating of “Hold” and a consensus price target of $16.23.
Shares of Fossil Group (NASDAQ FOSL) opened at 8.20 on Friday. The company’s market cap is $397.70 million. Fossil Group has a one year low of $7.92 and a one year high of $36.87. The firm has a 50-day moving average of $10.38 and a 200 day moving average of $15.12.
Fossil Group (NASDAQ:FOSL) last posted its earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.05. Fossil Group had a positive return on equity of 6.34% and a negative net margin of 11.33%. The company had revenue of $596.80 million during the quarter, compared to the consensus estimate of $617.89 million. During the same quarter last year, the firm earned $0.12 earnings per share. The company’s revenue was down 12.9% on a year-over-year basis. Equities research analysts anticipate that Fossil Group will post $0.47 EPS for the current year.
In other news, Chairman Kosta N. Kartsotis sold 625,000 shares of Fossil Group 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Kosta N. Kartsotis sold 1,075,000 shares of Fossil Group stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $11.29, for a total value of $12,136,750.00. Following the sale, the chairman now directly owns 4,183,047 shares of the company’s stock, valued at approximately $47,226,600.63. The disclosure for this sale can be found here. Insiders have sold 2,220,281 shares of company stock valued at $23,790,210 in the last three months. Insiders own 12.80% of the company’s stock.
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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