Fossil Group (NASDAQ:FOSL) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Fossil Group from "hold" to sell, though analyst opinions are mixed (two Buys, one Hold, one Sell) and MarketBeat's consensus remains a Hold with an average target of $7.00.
• Fossil reported Q results with EPS of ($0.15) — missing estimates by $0.17 — while revenue of $280.52 million beat expectations, but the company still shows negative profitability (negative ROE and net margin).
• Shares opened at $4.32 (52‑week range $1.05–$5.74) with a market cap of about $252 million and roughly 61% institutional ownership, underscoring a small‑cap, potentially volatile profile.

Fossil Group (NASDAQ:FOSL - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Several other research analysts have also recently weighed in on FOSL. Zacks Research upgraded shares of Fossil Group to a "hold" rating in a report on Friday, February 20th. Northland Securities assumed coverage on shares of Fossil Group in a report on Thursday, February 19th. They set an "outperform" rating and a $7.00 price target on the stock. Maxim Group boosted their price target on shares of Fossil Group from $5.00 to $7.00 and gave the stock a "buy" rating in a report on Thursday, March 12th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Fossil Group in a report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $7.00.

Fossil Group Stock Down 2.5%

Fossil Group stock opened at $4.32 on Friday. Fossil Group has a fifty-two week low of $1.05 and a fifty-two week high of $5.74. The stock has a market cap of $252.07 million, a PE ratio of -2.96 and a beta of 1.65. The firm's 50-day simple moving average is $4.66 and its 200 day simple moving average is $3.72. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.05 and a current ratio of 1.55.

Fossil Group (NASDAQ:FOSL - Get Free Report) last released its quarterly earnings results on Wednesday, March 11th. The accessories brand company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.17). Fossil Group had a negative return on equity of 46.78% and a negative net margin of 7.81%.The firm had revenue of $280.52 million for the quarter, compared to analysts' expectations of $249.28 million. Research analysts predict that Fossil Group will post -0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Carrera Capital Advisors purchased a new position in Fossil Group in the fourth quarter valued at about $38,000. Bridgeway Capital Management LLC boosted its stake in Fossil Group by 2.5% in the second quarter. Bridgeway Capital Management LLC now owns 425,182 shares of the accessories brand company's stock valued at $629,000 after acquiring an additional 10,249 shares during the last quarter. Empowered Funds LLC boosted its stake in Fossil Group by 10.4% in the fourth quarter. Empowered Funds LLC now owns 114,403 shares of the accessories brand company's stock valued at $430,000 after acquiring an additional 10,824 shares during the last quarter. Wexford Capital LP purchased a new position in Fossil Group in the third quarter valued at about $28,000. Finally, EHP Funds Inc. purchased a new position in Fossil Group in the third quarter valued at about $28,000. 61.14% of the stock is currently owned by hedge funds and other institutional investors.

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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