Fossil Group (FOSL) Receiving Somewhat Favorable News Coverage, Accern Reports

News coverage about Fossil Group (NASDAQ:FOSL) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Fossil Group earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the accessories brand company an impact score of 46.508442871827 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

FOSL has been the subject of a number of analyst reports. Zacks Investment Research raised Fossil Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Piper Jaffray Companies set a $10.00 price objective on Fossil Group and gave the stock a “hold” rating in a research report on Thursday, October 12th. ValuEngine downgraded Fossil Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Buckingham Research lowered their price objective on Fossil Group from $9.00 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 8th. Finally, Bank of America lowered their price objective on Fossil Group from $7.00 to $4.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 8th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. Fossil Group presently has an average rating of “Hold” and an average target price of $13.54.

Fossil Group (FOSL) opened at $6.80 on Thursday. Fossil Group has a 12 month low of $5.50 and a 12 month high of $32.30. The stock has a market capitalization of $313.98, a PE ratio of 7.89 and a beta of 0.74. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.09 and a current ratio of 2.32.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings data on Tuesday, November 7th. The accessories brand company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.32. Fossil Group had a positive return on equity of 4.75% and a negative net margin of 12.33%. The firm had revenue of $689.00 million for the quarter, compared to analysts’ expectations of $649.87 million. During the same period last year, the firm earned $0.36 earnings per share. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. sell-side analysts anticipate that Fossil Group will post -0.22 EPS for the current fiscal year.

In other news, EVP Martin Frey acquired 7,500 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were acquired at an average cost of $7.41 per share, with a total value of $55,575.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gregory A. Mckelvey acquired 110,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were purchased at an average cost of $6.22 per share, for a total transaction of $684,200.00. The disclosure for this purchase can be found here. 12.80% of the stock is currently owned by company insiders.

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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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