Fossil Group Inc (FOSL) Expected to Announce Quarterly Sales of $889.17 Million
Equities analysts expect that Fossil Group Inc (NASDAQ:FOSL) will post sales of $889.17 million for the current quarter, according to Zacks. Four analysts have issued estimates for Fossil Group’s earnings. The highest sales estimate is $914.30 million and the lowest is $871.58 million. Fossil Group posted sales of $959.20 million in the same quarter last year, which would indicate a negative year over year growth rate of 7.3%. The firm is expected to report its next earnings report on Tuesday, February 13th.
According to Zacks, analysts expect that Fossil Group will report full year sales of $889.17 million for the current year, with estimates ranging from $2.74 billion to $2.78 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.69 billion per share, with estimates ranging from $2.64 billion to $2.78 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Fossil Group.
Fossil Group (NASDAQ:FOSL) last posted its earnings results on Tuesday, November 7th. The accessories brand company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.32. Fossil Group had a negative net margin of 12.33% and a positive return on equity of 4.75%. The firm had revenue of $689.00 million during the quarter, compared to the consensus estimate of $649.87 million. During the same quarter last year, the firm earned $0.36 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis.
In other news, EVP Gregory A. Mckelvey acquired 110,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was acquired at an average cost of $6.22 per share, with a total value of $684,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Martin Frey acquired 7,500 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were purchased at an average cost of $7.41 per share, with a total value of $55,575.00. The disclosure for this purchase can be found here. 12.80% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Fossil Group by 0.4% during the 2nd quarter. FMR LLC now owns 7,269,630 shares of the accessories brand company’s stock worth $75,241,000 after purchasing an additional 32,068 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Fossil Group by 17.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,043,074 shares of the accessories brand company’s stock valued at $21,146,000 after acquiring an additional 296,119 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Fossil Group by 6,109.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,273,027 shares of the accessories brand company’s stock valued at $13,176,000 after acquiring an additional 1,252,527 shares during the last quarter. State Street Corp lifted its position in Fossil Group by 2.3% in the second quarter. State Street Corp now owns 1,131,401 shares of the accessories brand company’s stock valued at $11,705,000 after acquiring an additional 25,792 shares during the last quarter. Finally, Contrarius Investment Management Ltd lifted its position in Fossil Group by 511.8% in the third quarter. Contrarius Investment Management Ltd now owns 1,111,463 shares of the accessories brand company’s stock valued at $10,370,000 after acquiring an additional 929,803 shares during the last quarter. 91.92% of the stock is owned by institutional investors and hedge funds.
Fossil Group (NASDAQ FOSL) opened at $7.48 on Monday. The company has a market cap of $362.99, a price-to-earnings ratio of 9.12 and a beta of 0.65. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.32 and a quick ratio of 1.09. Fossil Group has a 12 month low of $5.50 and a 12 month high of $26.01.
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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