Fossil Group, Inc. (FOSL) Rating Reiterated by Nomura
FOSL has been the topic of several other research reports. Vetr lowered shares of Fossil Group from a strong-buy rating to a buy rating and set a $21.01 target price on the stock. in a report on Wednesday, February 22nd. Oppenheimer Holdings, Inc. restated a hold rating on shares of Fossil Group in a report on Tuesday, February 14th. Zacks Investment Research lowered shares of Fossil Group from a buy rating to a hold rating in a report on Tuesday, February 14th. Wells Fargo & Company set a $12.00 target price on shares of Fossil Group and gave the company a sell rating in a report on Wednesday, May 10th. Finally, Jefferies Group LLC set a $19.00 price objective on shares of Fossil Group and gave the stock a hold rating in a report on Thursday, March 16th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $20.11.
Fossil Group (FOSL) traded down 1.08% on Friday, reaching $9.20. The company’s stock had a trading volume of 3,898,403 shares. The firm has a 50 day moving average price of $12.84 and a 200 day moving average price of $20.08. The stock has a market capitalization of $445.87 million, a P/E ratio of 18.04 and a beta of 0.74. Fossil Group has a 52 week low of $8.98 and a 52 week high of $36.87.
Fossil Group (NASDAQ:FOSL) last posted its earnings results on Tuesday, May 9th. The textile maker reported ($0.35) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.14. The business had revenue of $582 million for the quarter, compared to analyst estimates of $590.51 million. Fossil Group had a net margin of 0.84% and a return on equity of 7.59%. The business’s revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. On average, equities analysts anticipate that Fossil Group will post $0.84 EPS for the current year.
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In other Fossil Group news, Chairman Kosta N. Kartsotis sold 1,075,000 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $11.29, for a total value of $12,136,750.00. Following the completion of the transaction, the chairman now owns 4,183,047 shares in the company, valued at approximately $47,226,600.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Kosta N. Kartsotis sold 520,281 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $10.71, for a total transaction of $5,572,209.51. Following the completion of the transaction, the chairman now 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. In the last ninety days, insiders have sold 2,220,281 shares of company stock valued at $23,790,210. Insiders own 12.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky boosted its position in Fossil Group by 71.8% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 14,600 shares of the textile maker’s stock valued at $255,000 after buying an additional 6,100 shares during the period. Achmea Investment Management B.V. purchased a new position in Fossil Group during the first quarter valued at approximately $1,124,000. HighTower Advisors LLC bought a new stake in shares of Fossil Group during the first quarter worth $1,212,000. Tudor Investment Corp ET AL bought a new stake in shares of Fossil Group during the first quarter worth $655,000. Finally, C Partners Holding GmbH bought a new stake in shares of Fossil Group during the first quarter worth $11,652,000. Hedge funds and other institutional investors own 97.21% 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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