A number of other equities research analysts also recently issued reports on the company. Jefferies Group reissued a hold rating on shares of Fossil Group in a research report on Monday, September 12th. Zacks Investment Research raised Fossil Group from a sell rating to a hold rating in a research report on Tuesday, September 6th. Nomura lowered their price target on Fossil Group from $25.00 to $23.00 and set a neutral rating for the company in a research report on Wednesday, August 10th. Cowen and Company reissued a market perform rating and set a $30.00 price target on shares of Fossil Group in a research report on Wednesday, August 10th. Finally, Mizuho boosted their price target on Fossil Group from $27.00 to $29.00 and gave the company a neutral rating in a research report on Wednesday, August 10th. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $30.89.
Shares of Fossil Group (NASDAQ:FOSL) opened at 30.14 on Tuesday. Fossil Group has a 52-week low of $26.03 and a 52-week high of $58.18. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 10.43 and a beta of 1.89. The firm has a 50-day moving average price of $29.47 and a 200-day moving average price of $33.64.
Fossil Group (NASDAQ:FOSL) last released its earnings results on Tuesday, August 9th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The firm earned $685 million during the quarter, compared to analyst estimates of $670.97 million. Fossil Group had a return on equity of 16.91% and a net margin of 4.49%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 earnings per share. Analysts predict that Fossil Group will post $1.87 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in FOSL. State Treasurer State of Michigan boosted its position in shares of Fossil Group by 0.6% in the second quarter. State Treasurer State of Michigan now owns 16,600 shares of the company’s stock worth $474,000 after buying an additional 100 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Fossil Group by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 104,390 shares of the company’s stock worth $2,978,000 after buying an additional 266 shares during the period. Lucus Advisors LLC boosted its position in Fossil Group by 3.1% in the second quarter. Lucus Advisors LLC now owns 12,245 shares of the company’s stock worth $349,000 after buying an additional 363 shares during the period. GSA Capital Partners LLP boosted its position in Fossil Group by 8.8% in the second quarter. GSA Capital Partners LLP now owns 7,800 shares of the company’s stock worth $223,000 after buying an additional 633 shares during the period. Finally, US Bancorp DE boosted its position in Fossil Group by 2.1% in the second quarter. US Bancorp DE now owns 34,458 shares of the company’s stock worth $983,000 after buying an additional 702 shares during the period. Hedge funds and other institutional investors own 95.52% of the company’s stock.
Fossil Group Company Profile
Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments are 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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