Fossil Group (FOSL) Given Overweight Rating at KeyCorp

Fossil Group (NASDAQ:FOSL)‘s stock had its “overweight” rating reiterated by equities researchers at KeyCorp in a research note issued on Wednesday, The Fly reports. They presently have a $25.00 price objective on the accessories brand company’s stock, up from their previous price objective of $15.00. KeyCorp’s target price would suggest a potential upside of 176.55% from the company’s previous close.

A number of other analysts also recently weighed in on the company. Zacks Investment Research downgraded Fossil Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Buckingham Research downgraded Fossil Group from a “neutral” rating to an “underperform” rating in a research note on Friday, January 5th. BidaskClub upgraded Fossil Group from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Bank of America reduced their target price on Fossil Group from $7.00 to $4.00 and set an “underperform” rating for the company in a research note on Wednesday, November 8th. Finally, ValuEngine downgraded Fossil Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.54.

Shares of Fossil Group (FOSL) opened at $9.04 on Wednesday. The company has a current ratio of 2.32, a quick ratio of 1.09 and a debt-to-equity ratio of 0.68. Fossil Group has a 1-year low of $5.50 and a 1-year high of $23.49. The firm has a market capitalization of $407.15, a PE ratio of -1.26 and a beta of 0.65.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Tuesday, February 13th. The accessories brand company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.24. Fossil Group had a positive return on equity of 4.75% and a negative net margin of 12.33%. During the same quarter in the prior year, the company posted $1.03 earnings per share. sell-side analysts predict that Fossil Group will post -0.73 earnings per share for the current year.

In other Fossil Group news, EVP Martin Frey purchased 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were acquired at an average price of $7.41 per share, with a total value of $55,575.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 12.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in FOSL. Unison Advisors LLC bought a new position in Fossil Group in the 4th quarter valued at about $107,000. GSA Capital Partners LLP bought a new position in Fossil Group in the 2nd quarter valued at about $120,000. Teacher Retirement System of Texas bought a new position in Fossil Group in the 4th quarter valued at about $120,000. KBC Group NV lifted its position in Fossil Group by 167.9% in the 3rd quarter. KBC Group NV now owns 13,441 shares of the accessories brand company’s stock valued at $125,000 after acquiring an additional 8,424 shares in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new position in Fossil Group in the 2nd quarter valued at about $130,000. 92.48% of the stock is currently owned by institutional investors and hedge funds.

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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.

The Fly

Analyst Recommendations for Fossil Group (NASDAQ:FOSL)

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