Fossil Group Company Profile (NASDAQ:FOSL)

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

Fossil Group, Inc. (NASDAQ:FOSL) posted its earnings results on Tuesday, May, 9th. The company reported ($0.35) EPS for the quarter, missing the Zacks' consensus estimate of ($0.21) by $0.14. The business earned $582 million during the quarter, compared to analysts' expectations of $590.51 million. Fossil Group had a net margin of 0.84% and a return on equity of 7.59%. Fossil Group's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.12 EPS. View Fossil Group's Earnings History.

Fossil Group issued an update on its FY17 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of ($0.40)-0.30 for the period, compared to the Thomson Reuters consensus estimate of ($0.45). The company issued revenue guidance of down 1.5-6.0% to ~$2.86-3.0 billion, compared to the consensus revenue estimate of $2.93 billion.Fossil Group also updated its Q2 guidance to ($1.00)-(0.83) EPS.

15 brokerages have issued 12 month target prices for Fossil Group's stock. Their forecasts range from $8.00 to $42.00. On average, they expect Fossil Group's share price to reach $19.33 in the next twelve months. View Analyst Ratings for Fossil Group.

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

• 1. According to Zacks Investment Research, "Shares of Fossil have been underperforming the Zacks Categorized industry since the past one year, primarily due to a decline in the company's in traditional watches, softness in leather business and tough retail landscape. The company is also facing economic challenges in many of its key international markets. Notably, the company’s sales have lagged the Zacks Consensus Estimate since past four straight quarters. Though Fossil’s connected wearables and smartwatches are expected to gain momentum, the Watches category is likely to remain sluggish due to increased competition from new entrants in the market and volatility in sales pattern. Meanwhile, the company focuses on a restructuring program named New World Fossil, which aims at improving the financial performance of the Fossil brand and build an improved operating platform to drive long-term shareholder value." (7/17/2017)
• 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)

Some companies that are related to Fossil Group include SpartanNash Company (SPTN), Sonic Corp. (SONC), Diplomat Pharmacy (DPLO), PetMed Express (PETS), Sears Holdings Corporation (SHLD), Shake Shack (SHAK), Ethan Allen Interiors (ETH), Wingstop (WING), Sonic Automotive (SAH), Buckle, Inc. (The) (BKE), Denny's Corporation (DENN), Biglari Holdings (BH), Red Robin Gourmet Burgers (RRGB), Tile Shop Hldgs (TTS), DineEquity (DIN), GNC Holdings (GNC), BJ's Restaurants (BJRI) and DEBENHAMS ADR (DBHSY).

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

Fossil Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include KARTSOTIS KOSTA N (9.10%), KARTSOTIS KOSTA N (7.80%), CLASSIC FUND MANAGEMENT AKTIENGESELLSCHAFT (6.10%), CLASSIC FUND MANAGEMENT AKTIENGESELLSCHAFT (5.30%), Great West Life Assurance Co. Can (0.12%) and Russell Investments Group Ltd. (0.09%). Company insiders that own Fossil Group stock include Darren E Hart, Elaine B Agather, Elysia Holt Ragusa and Kosta N Kartsotis. View Institutional Ownership Trends for Fossil Group.

Fossil Group's stock was sold by a variety of institutional investors in the last quarter, including Aperio Group LLC, Municipal Employees Retirement System of Michigan and Capstone Asset Management Co.. Company insiders that have sold Fossil Group stock in the last year include Darren E Hart, Elaine B Agather and Kosta N Kartsotis. View Insider Buying and Selling for Fossil Group.

Fossil Group's stock was acquired by a variety of institutional investors in the last quarter, including Fox Run Management L.L.C., Russell Investments Group Ltd., Campbell & CO Investment Adviser LLC, Acadian Asset Management LLC, Great West Life Assurance Co. Can, Texas Permanent School Fund and Louisiana State Employees Retirement System. View Insider Buying and Selling for Fossil Group.

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.

One share of Fossil Group stock can currently be purchased for approximately $11.04.