Analysts expect that Fossil Group Inc (NASDAQ:FOSL) will report sales of $809.50 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Fossil Group’s earnings. The lowest sales estimate is $799.70 million and the highest is $819.30 million. Fossil Group posted sales of $920.80 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 12.1%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 12th.

On average, analysts expect that Fossil Group will report full year sales of $2.56 billion for the current financial year, with estimates ranging from $2.55 billion to $2.57 billion. For the next year, analysts forecast that the company will post sales of $2.47 billion, with estimates ranging from $2.43 billion to $2.51 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Fossil Group.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings data on Wednesday, November 7th. The accessories brand company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.29. Fossil Group had a positive return on equity of 0.15% and a negative net margin of 4.90%. The firm had revenue of $609.00 million for the quarter, compared to the consensus estimate of $616.30 million. During the same quarter in the previous year, the business earned $0.03 EPS. The company’s quarterly revenue was down 11.6% compared to the same quarter last year.

Several brokerages have weighed in on FOSL. BidaskClub upgraded Fossil Group from a “hold” rating to a “buy” rating in a report on Thursday, August 16th. ValuEngine upgraded Fossil Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 1st. Finally, Zacks Investment Research upgraded Fossil Group from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $22.50.

Shares of NASDAQ FOSL opened at $18.75 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. Fossil Group has a 1-year low of $6.26 and a 1-year high of $32.17. The stock has a market cap of $983.67 million, a price-to-earnings ratio of 376.40 and a beta of -0.13.

In other Fossil Group news, VP John A. White sold 18,800 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $20.75, for a total transaction of $390,100.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James E. Skinner sold 6,000 shares of the company’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $21.31, for a total value of $127,860.00. Following the sale, the director now owns 42,943 shares in the company, valued at approximately $915,115.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,103 shares of company stock worth $829,347. 8.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of FOSL. Palo Capital Inc. acquired a new position in shares of Fossil Group during the 3rd quarter worth about $156,000. Royal Bank of Canada boosted its position in shares of Fossil Group by 170.3% during the 1st quarter. Royal Bank of Canada now owns 16,660 shares of the accessories brand company’s stock worth $212,000 after acquiring an additional 40,353 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Fossil Group during the 3rd quarter worth about $212,000. United Services Automobile Association acquired a new position in shares of Fossil Group during the 2nd quarter worth about $220,000. Finally, We Are One Seven LLC acquired a new position in shares of Fossil Group during the 3rd quarter worth about $232,000.

Fossil Group Company Profile

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company's principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, and sunglasses. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ARMANI EXCHANGE, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.

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Earnings History and Estimates for Fossil Group (NASDAQ:FOSL)

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