Fossil Group Company Profile (NASDAQ:FOSL)

About Fossil Group (NASDAQ:FOSL)

Fossil Group logoFossil Group, Inc. is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company's segments include 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. The Americas segment includes sales to customers based in Canada, Latin America and the United States. The Europe segment includes sales to customers based in European countries, the Middle East and Africa. The Asia segment includes sales to customers based in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. The Company's principal offerings include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, sunglasses and soft accessories.

Industry, Sector and Symbol:
  • Sector: Retail/Wholesale
  • Industry: Watches
  • Sub-Industry: Apparel Accessories & Luxury Goods
  • Symbol: NASDAQ:FOSL
  • CUSIP: 34988210
  • Web: www.fossil.com
Capitalization:
  • Market Cap: $432.82 million
  • Outstanding Shares: 48,521,000
Average Prices:
  • 50 Day Moving Avg: $8.79
  • 200 Day Moving Avg: $11.13
  • 52 Week Range: $6.80 - $36.87
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 12.28
  • P/E Growth: -4.69
Sales & Book Value:
  • Annual Revenue: $2.88 billion
  • Price / Sales: 0.16
  • Book Value: $13.26 per share
  • Price / Book: 0.69
Profitability:
  • EBITDA: $179.11 million
  • Net Margins: -11.33%
  • Return on Equity: 6.34%
  • Return on Assets: 2.77%
Debt:
  • Debt-to-Equity Ratio: 0.94%
  • Current Ratio: 3.15%
  • Quick Ratio: 1.66%
Misc:
  • Average Volume: 2.63 million shs.
  • Beta: 0.75
  • Short Ratio: 7.1
 

Frequently Asked Questions for Fossil Group (NASDAQ:FOSL)

What is Fossil Group's stock symbol?

Fossil Group trades on the NASDAQ under the ticker symbol "FOSL."

How were Fossil Group's earnings last quarter?

Fossil Group, Inc. (NASDAQ:FOSL) posted its quarterly earnings data on Tuesday, August, 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.28) by $0.05. The company had revenue of $596.80 million for the quarter, compared to analysts' expectations of $617.89 million. Fossil Group had a positive return on equity of 6.34% and a negative net margin of 11.33%. Fossil Group's revenue was down 12.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 EPS. View Fossil Group's Earnings History.

What guidance has Fossil Group issued on next quarter's earnings?

Fossil Group updated its FY17 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of ($0.32)-0.48 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.19). Fossil Group also updated its Q3 guidance to ($0.38)-(0.05) EPS.

Where is Fossil Group's stock going? Where will Fossil Group's stock price be in 2017?

16 brokerages have issued 12-month price objectives for Fossil Group's stock. Their forecasts range from $7.00 to $42.00. On average, they expect Fossil Group's share price to reach $16.00 in the next twelve months. View Analyst Ratings for Fossil Group.

What are analysts saying about Fossil Group stock?

Here are some recent quotes from research analysts about Fossil Group stock:

  • 1. According to Zacks Investment Research, "Shares of Fossil have declined and underperformed the industry in the last six months. This downside can be attributed to a decline in the company's traditional watches, softness in leather and jewelry business along with a tough retail landscape. Moreover, it is facing economic challenges in many of its key international markets. Consequently, the company’s sales have lagged the Zacks Consensus Estimate in nine of the trailing 11 quarters. Though the Watches category is likely to remain sluggish due to increased competition and volatility in sales pattern, Fossil’s expansion in connected wearables and smartwatches are expected to gain momentum. Meanwhile, the company focuses on a restructuring program named New World Fossil. This program aims at improving the financial performance of its namesake brand alongside building an improved operating platform to drive long-term shareholder value." (10/17/2017)
  • 2. Mizuho analysts commented, "After perusing FOSL's 10-K, we maintain our negative position after disappointing 2017 guide that reflects a transitional year as FOSL pursues the smart watch and wearables opportunity (placing additional pressure on SG&A from a jump in R&D). In addition to declining margins across Americas and Europe segments coupled with ongoing decline in the important Michael Kors business, FOSL will also be losing the Adidas and Burberry licenses in FY17. From a capital allocation perspective, FOSL exited FY16 with net debt position of $339mm and is restricted from any share repurchase activity. Please find key extractions from the filing below." (3/3/2017)
  • 3. Wells Fargo & Company analysts commented, "After reviewing FOSL's 10-K filing, we uncovered a few interesting details that help support our Underperform rating. Specifically, key concerns uncovered in the filing include 1) the company is now generating steep losses in the U.S. (with minimal cash domestically and little-to-no capacity to add more debt), 2) the company is losing two brands this year (previously known), but one of those brands (Adidas) is exiting the partnership nine months early (March 31st), 3) price points across much of the portfolio are coming down (particularly among licensed brands) despite the introduction of higher-priced smartwatches and 4) sales declines at the Michael Kors brand are accelerating (-16% in 2016 following -11% in 2015). All in, we believe FOSL continues to face various operational headwinds (category disintermediation, normalization of the Kors brand, BS/cash flow concerns), presenting considerable downside risk to the stock (our FY17/FY18 EPS estimates of $0.85/$1.00 are well below the Street's $0.97/$1.20 forecasts)." (3/3/2017)
  • 4. Instinet analysts commented, "After a romantic Valentine's spent deciphering guidance, we fear the pressures of selling a challenged product into a challenged channel will persist. We do wonder if the 1Q sales deceleration will prove conservative & note the flat constant FX 4Q watch performance bodes well for wearables. However, it seems the company is stuck between a fossil and a hard place, as the one category that is growing is margin dilutive and its ultimate scalability remains unproven at the same time mgmt is suggesting it will drop price to move units. Without valuation support, we remain concerned pressures will remain. On the back of earnings & the lower guide, we lower our TP to $15. FY17E EPS at $1.73; FY18E EPS at $1.95" (2/15/2017)

Are investors shorting Fossil Group?

Fossil Group saw a decline in short interest during the month of September. As of September 15th, there was short interest totalling 15,386,790 shares, a decline of 10.2% from the August 31st total of 17,125,021 shares. Based on an average daily trading volume, of 2,215,912 shares, the short-interest ratio is currently 6.9 days. Approximately 35.8% of the company's stock are short sold.

Who are some of Fossil Group's key competitors?

Who are Fossil Group's key executives?

Fossil Group's management team includes the folowing people:

  • Kosta N. Kartsotis, Chairman of the Board, Chief Executive Officer
  • Dennis R. Secor, Executive Vice President, Chief Financial Officer and Treasurer
  • John A. White, Executive Vice President and Chief Operating Officer
  • Darren E. Hart, Executive Vice President - Human Resources
  • Eric Lloyd Anderson, Executive Vice President of Portfolio
  • Randy C. Belcher, Executive Vice President, Asia Pacific
  • Steve A. Evans, Executive Vice President, Fossil Brand
  • Hans-Peter Gehmacher, Executive Vice President, EMEA
  • Gregory A. McKelvey, Executive Vice President, Chief Strategy and Digital Officer
  • James M. Zimmerman, Lead Independent Director

Who owns Fossil Group stock?

Fossil Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include CLASSIC FUND MANAGEMENT AKTIENGESELLSCHAFT (6.10%), CLASSIC FUND MANAGEMENT AKTIENGESELLSCHAFT (5.30%) and Shell Asset Management Co. (0.01%). Company insiders that own Fossil Group stock include Darren E Hart, Elaine B Agather, Elysia Holt Ragusa, Gregory A Mckelvey, James M Zimmerman, John A White, Kosta N Kartsotis and Martin Frey. View Institutional Ownership Trends for Fossil Group.

Who bought Fossil Group stock? Who is buying Fossil Group stock?

Fossil Group's stock was purchased by a variety of institutional investors in the last quarter, including Shell Asset Management Co.. Company insiders that have bought Fossil Group stock in the last two years include Darren E Hart, Gregory A Mckelvey, James M Zimmerman, John A White and Martin Frey. View Insider Buying and Selling for Fossil Group.

How do I buy Fossil Group stock?

Shares of Fossil Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Fossil Group's stock price today?

One share of Fossil Group stock can currently be purchased for approximately $9.21.


MarketBeat Community Rating for Fossil Group (NASDAQ FOSL)
Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  306 (Vote Outperform)
Underperform Votes:  694 (Vote Underperform)
Total Votes:  1,000
MarketBeat's community ratings are surveys of what our community members think about Fossil Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Fossil Group (NASDAQ:FOSL) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Sell Ratings, 10 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 1.88)
Consensus Price Target: $16.00 (73.72% upside)
Consensus Price Target History for Fossil Group (NASDAQ:FOSL)
Price Target History for Fossil Group (NASDAQ:FOSL)
Analysts' Ratings History for Fossil Group (NASDAQ:FOSL)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/12/2017Piper Jaffray CompaniesSet Price TargetHold$10.00N/AView Rating Details
8/10/2017Wells Fargo & CompanyReiterated RatingUnderperform$8.00 -> $7.00LowView Rating Details
8/9/2017Jefferies Group LLCReiterated RatingHold$13.00LowView Rating Details
8/9/2017Buckingham ResearchLower Price TargetNeutral$10.00 -> $9.00LowView Rating Details
8/9/2017Bank of America CorporationSet Price TargetSell$10.00 -> $7.00HighView Rating Details
8/9/2017Telsey Advisory GroupLower Price TargetMarket Perform$13.00 -> $11.00HighView Rating Details
5/12/2017NomuraReiterated RatingHold$13.00LowView Rating Details
5/10/2017InstinetLower Price TargetNeutral$15.00 -> $13.00HighView Rating Details
5/10/2017Cowen and CompanyLower Price TargetMarket Perform$15.00 -> $12.00HighView Rating Details
3/16/2017Oppenheimer Holdings, Inc.Reiterated RatingHoldLowView Rating Details
3/3/2017MizuhoReiterated RatingUnderperform$17.00N/AView Rating Details
3/3/2017MacquarieLower Price TargetUnderperform -> Underperform$16.00 -> $12.00N/AView Rating Details
2/1/2017Evercore ISIDowngradeBuy -> HoldN/AView Rating Details
12/28/2016KeyCorpReiterated RatingOverweight$42.00N/AView Rating Details
11/16/2016Pacific CrestUpgradeUnderweight -> Overweight$42.00N/AView Rating Details
11/1/2016OTR GlobalUpgradeNeutralN/AView Rating Details
5/13/2016S&P Equity ResearchDowngradeBuy -> Strong Sell$22.00N/AView Rating Details
5/11/2016Topeka Capital MarketsLower Price TargetBuy$60.00 -> $44.00N/AView Rating Details
2/18/2016Standpoint ResearchDowngradeBuy -> HoldN/AView Rating Details
2/17/2016StephensReiterated RatingHoldN/AView Rating Details
12/18/2015Goldman Sachs Group IncDowngradeNeutral -> Sell$26.00N/AView Rating Details
(Data available from 10/21/2015 forward)

Earnings

Earnings History for Fossil Group (NASDAQ:FOSL)
Earnings by Quarter for Fossil Group (NASDAQ:FOSL)
Earnings History by Quarter for Fossil Group (NASDAQ FOSL)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/8/2017Q2 2017($0.28)($0.23)$617.89 million$596.80 millionViewListenView Earnings Details
5/9/2017Q1 2017($0.21)($0.35)$590.51 million$582.00 millionViewListenView Earnings Details
2/14/2017Q416$1.21$1.03$977.13 million$959.00 millionViewListenView Earnings Details
11/3/2016Q316$0.31$0.36$739.12 million$738.00 millionViewN/AView Earnings Details
8/9/2016Q216$0.09$0.12$670.97 million$685.00 millionViewN/AView Earnings Details
5/10/2016Q116$0.15$0.12$666.36 million$659.80 millionViewListenView Earnings Details
2/16/2016Q415$1.30$1.46$927.11 million$992.30 millionViewListenView Earnings Details
11/12/2015Q315$1.13$1.19$793.72 million$771.00 millionViewListenView Earnings Details
8/11/2015Q215$0.82$1.12$749.38 million$740.00 millionViewListenView Earnings Details
5/5/2015Q115$0.64$0.75$732.00 million$725.00 millionViewN/AView Earnings Details
2/17/2015Q414$3.07$3.00$1.12 billion$1.07 billionViewN/AView Earnings Details
11/11/2014Q314$1.82$1.96$878.51 million$894.50 millionViewN/AView Earnings Details
8/12/2014Q214$0.96$0.98$771.01 million$773.80 millionViewListenView Earnings Details
5/13/2014Q114$1.17$1.22$771.55 million$776.50 millionViewListenView Earnings Details
2/11/2014Q413$2.44$2.68$1.02 billion$1.06 billionViewListenView Earnings Details
11/5/2013Q313$1.36$1.58$772.46 million$810.00 millionViewListenView Earnings Details
8/6/2013Q2 2013$0.93$1.10$691.20 million$706.00 millionViewListenView Earnings Details
5/7/2013Q1 2013$0.97$1.10$650.99 million$680.90 millionViewN/AView Earnings Details
2/12/2013Q4 2012$2.26$2.27$930.43 million$948.00 millionViewListenView Earnings Details
11/6/2012Q312$1.17$1.26$713.09 million$684.20 millionViewN/AView Earnings Details
8/7/2012$0.79$0.92ViewN/AView Earnings Details
5/8/2012$0.92$0.93ViewN/AView Earnings Details
2/14/2012$1.77$1.87ViewN/AView Earnings Details
11/8/2011$1.03$1.09ViewN/AView Earnings Details
8/9/2011$0.76$0.80ViewN/AView Earnings Details
5/10/2011$0.66$0.86ViewN/AView Earnings Details
2/15/2011$1.35$1.46ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Fossil Group (NASDAQ:FOSL)
2017 EPS Consensus Estimate: $0.90
2018 EPS Consensus Estimate: $1.31
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173($0.24)($0.15)($0.19)
Q2 20173($0.30)($0.18)($0.24)
Q3 20173($0.14)$0.20$0.00
Q4 20173$1.26$1.43$1.33
Q1 20181($0.02)($0.02)($0.02)
Q2 20181($0.07)($0.07)($0.07)
Q3 20181$0.00$0.00$0.00
Q4 20181$1.40$1.40$1.40
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Fossil Group (NASDAQ:FOSL)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Fossil Group (NASDAQ:FOSL)
Insider Ownership Percentage: 12.80%
Insider Trades by Quarter for Fossil Group (NASDAQ:FOSL)
Institutional Ownership by Quarter for Fossil Group (NASDAQ:FOSL)
Insider Trades by Quarter for Fossil Group (NASDAQ:FOSL)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/29/2017Gregory A. MckelveyInsiderBuy5,712$8.73$49,865.76View SEC Filing  
8/25/2017Gregory A. MckelveyInsiderBuy5,988$8.35$49,999.80View SEC Filing  
8/25/2017James M. ZimmermanDirectorBuy36,000$8.30$298,800.00View SEC Filing  
8/23/2017John A. WhiteVPBuy13,000$7.26$94,380.00View SEC Filing  
8/23/2017Martin FreyEVPBuy7,100$7.25$51,475.00View SEC Filing  
8/22/2017Darren E. HartInsiderBuy14,347$6.99$100,285.53View SEC Filing  
8/11/2017Gregory A. MckelveyInsiderBuy32,798$8.51$279,110.98View SEC Filing  
6/14/2017Kosta N. KartsotisChairmanSell625,000$9.73$6,081,250.00View SEC Filing  
6/9/2017Kosta N KartsotisChairmanSell520,281$10.71$5,572,209.51View SEC Filing  
5/30/2017Kosta N KartsotisChairmanSell1,075,000$11.29$12,136,750.00View SEC Filing  
12/15/2016Elaine B. AgatherDirectorSell1,800$31.77$57,186.00View SEC Filing  
12/9/2016Darren E. HartInsiderSell13,125$34.42$451,762.50View SEC Filing  
12/8/2015Elysia Holt RagusaDirectorSell2,718$37.07$100,756.26View SEC Filing  
12/15/2014Jal S ShroffDirectorSell10,000$106.38$1,063,800.00View SEC Filing  
12/10/2014Jal S ShroffDirectorSell20,000$107.37$2,147,400.00View SEC Filing  
11/24/2014Jeffrey N BoyerDirectorSell15,000$110.02$1,650,300.00View SEC Filing  
8/27/2014Elaine B AgatherDirectorSell2,500$102.54$256,350.00View SEC Filing  
8/21/2014Jennifer PritchardInsiderSell5,539$100.00$553,900.00View SEC Filing  
3/17/2014Darren HartEVPSell2,198$112.89$248,132.22View SEC Filing  
3/5/2014Mark QuickDirectorSell1,471$113.11$166,384.81View SEC Filing  
12/11/2013Jal ShroffDirectorSell12,762$122.41$1,562,196.42View SEC Filing  
12/2/2013Jal ShroffDirectorSell7,238$126.57$916,113.66View SEC Filing  
9/25/2013Jal ShroffDirectorSell15,000$117.12$1,756,800.00View SEC Filing  
9/18/2013Mark QuickDirectorSell4,000$114.33$457,320.00View SEC Filing  
9/11/2013Jal S ShroffDirectorSell15,000$113.86$1,707,900.00View SEC Filing  
8/13/2013Jal ShroffDirectorSell4,456$120.08$535,076.48View SEC Filing  
8/8/2013Darren HartEVPSell1,040$121.25$126,100.00View SEC Filing  
6/10/2013James M ZimmermanDirectorSell1,250$105.38$131,725.00View SEC Filing  
5/28/2013Darren E HartEVPSell1,641$106.45$174,684.45View SEC Filing  
5/28/2013Jennifer PritchardInsiderSell6,692$107.75$721,063.00View SEC Filing  
5/23/2013Donald J StoneDirectorSell10,000$105.08$1,050,800.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Fossil Group (NASDAQ:FOSL)
Latest Headlines for Fossil Group (NASDAQ:FOSL)
Source:
Loading headlines, please wait.

Social

Chart

Fossil Group (FOSL) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.