Fossil Group, Inc. (NASDAQ:FOSL) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold” for Fossil Group, based on five research firms: three rate the stock a buy, one rates it a hold and one recommends selling. The average 12-month price target is $9.00.
• FOSL shares recently traded at $4.41, while the company reported quarterly revenue of $209.69 million and an adjusted loss of $0.13 per share, beating analysts’ expectations.
• Insider and institutional interest remains notable: a director bought 7,208 shares, while institutional investors own 61.14% of the company’s stock.

Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) has earned a consensus recommendation of "Hold" from the five research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $9.00.

A number of analysts have issued reports on FOSL shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Fossil Group in a report on Friday, July 17th. Northland Securities set a $8.00 price objective on Fossil Group in a research report on Thursday, August 13th. Craig Hallum started coverage on Fossil Group in a research report on Thursday. They issued a "buy" rating and a $12.00 target price on the stock. Finally, Wall Street Zen raised Fossil Group from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th.

Fossil Group Price Performance

FOSL stock traded down $0.45 during midday trading on Thursday, hitting $4.41. The company's stock had a trading volume of 292,957 shares, compared to its average volume of 799,814. Fossil Group has a 12 month low of $1.70 and a 12 month high of $6.25. The company has a quick ratio of 1.05, a current ratio of 1.76 and a debt-to-equity ratio of 2.74. The firm has a market capitalization of $260.98 million, a price-to-earnings ratio of -3.49 and a beta of 1.61. The company has a 50 day moving average of $4.89 and a two-hundred day moving average of $4.60.

Fossil Group (NASDAQ:FOSL - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The accessories brand company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.16. Fossil Group had a negative net margin of 7.09% and a negative return on equity of 59.76%. The firm had revenue of $209.69 million for the quarter, compared to analysts' expectations of $199.33 million. On average, analysts expect that Fossil Group will post -0.04 EPS for the current year.

Insider Activity

In other news, Director Pamela J. Edwards bought 7,208 shares of the stock in a transaction dated Thursday, August 20th. The stock was purchased at an average cost of $5.58 per share, for a total transaction of $40,220.64. Following the transaction, the director owned 50,251 shares of the company's stock, valued at $280,400.58. The trade was a 16.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fossil Group

Several large investors have recently bought and sold shares of FOSL. Headlands Technologies LLC raised its stake in Fossil Group by 132.1% during the second quarter. Headlands Technologies LLC now owns 55,214 shares of the accessories brand company's stock valued at $229,000 after purchasing an additional 31,422 shares in the last quarter. Nantahala Capital Management LLC purchased a new position in shares of Fossil Group in the 2nd quarter worth $22,791,230. Empowered Funds LLC purchased a new position in shares of Fossil Group in the 2nd quarter worth $558,000. Public Employees Retirement System of Ohio bought a new stake in shares of Fossil Group in the 2nd quarter worth about $34,000. Finally, Bank of America Corp DE bought a new stake in shares of Fossil Group in the 2nd quarter worth about $854,000. Institutional investors own 61.14% of the company's stock.

Fossil Group Company Profile

Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.

The group's wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.

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