Northland Securities Predicts Fossil Group Q2 Earnings

Key Points

• Northland Securities cut its Q2 2027 EPS estimate for Fossil to $0.07 (from $0.11) while maintaining an Outperform rating and a $7 price target.
• Fossil most recently reported a quarterly loss of ($0.15) per share—missing estimates—though revenue of $280.52 million topped expectations; the company continues to show negative net margin and return on equity.
• Analyst sentiment is mixed with a consensus Hold (two Buys, one Hold, one Sell), shares trading around $4.04, and institutional investors owning about 61.14% of the stock.

Fossil Group, Inc. (NASDAQ:FOSL - Free Report) - Equities research analysts at Northland Securities lowered their Q2 2027 earnings estimates for shares of Fossil Group in a report issued on Monday, March 23rd. Northland Securities analyst O. Rickert now anticipates that the accessories brand company will post earnings per share of $0.07 for the quarter, down from their prior estimate of $0.11. Northland Securities currently has a "Outperform" rating and a $7.00 price target on the stock.

Several other equities analysts have also issued reports on the company. Wall Street Zen lowered Fossil Group from a "hold" rating to a "sell" rating in a research note on Saturday. Maxim Group lifted their target price on Fossil Group from $5.00 to $7.00 and gave the company a "buy" rating in a research report on Thursday, March 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of Fossil Group in a research report on Thursday, January 22nd. Finally, Zacks Research raised shares of Fossil Group to a "hold" rating in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Fossil Group has a consensus rating of "Hold" and a consensus target price of $7.00.

Fossil Group Trading Up 1.3%

FOSL opened at $4.04 on Tuesday. Fossil Group has a 52 week low of $0.86 and a 52 week high of $5.00. The company has a quick ratio of 1.05, a current ratio of 1.55 and a debt-to-equity ratio of 2.00. The business has a fifty day simple moving average of $4.06 and a 200-day simple moving average of $3.34. The firm has a market cap of $235.75 million, a P/E ratio of -2.77 and a beta of 1.68.

Fossil Group (NASDAQ:FOSL - Get Free Report) last posted its 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 net margin of 7.81% and a negative return on equity of 46.78%. The company had revenue of $280.52 million during the quarter, compared to analyst estimates of $249.28 million.

Hedge Funds Weigh In On Fossil Group

A number of institutional investors and hedge funds have recently made changes to their positions in FOSL. Goldman Sachs Group Inc. lifted its stake in Fossil Group by 43.6% in the first quarter. Goldman Sachs Group Inc. now owns 144,375 shares of the accessories brand company's stock worth $166,000 after acquiring an additional 43,849 shares during the last quarter. Jane Street Group LLC increased its position in shares of Fossil Group by 93.1% in the 1st quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company's stock valued at $49,000 after purchasing an additional 20,530 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Fossil Group by 154.1% in the 1st quarter. Acadian Asset Management LLC now owns 459,023 shares of the accessories brand company's stock valued at $527,000 after purchasing an additional 278,391 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Fossil Group during the 2nd quarter worth $122,000. Finally, Nantahala Capital Management LLC lifted its position in shares of Fossil Group by 21.5% during the 2nd quarter. Nantahala Capital Management LLC now owns 5,087,803 shares of the accessories brand company's stock worth $7,530,000 after purchasing an additional 898,626 shares during the last quarter. 61.14% of the stock is owned by institutional investors and hedge funds.

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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