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:
  • Market Cap: $524.87 million
  • Outstanding Shares: 48,464,000
Average Prices:
  • 50 Day Moving Avg: $10.14
  • 200 Day Moving Avg: $16.36
  • 52 Week Range: $8.98 - $36.87
  • Trailing P/E Ratio: 21.61
  • Foreward P/E Ratio: 10.51
  • P/E Growth: 1.00
Sales & Book Value:
  • Annual Revenue: $2.96 billion
  • Price / Sales: 0.18
  • Book Value: $20.06 per share
  • Price / Book: 0.54
  • EBIDTA: $210.54 million
  • Net Margins: 0.84%
  • Return on Equity: 7.59%
  • Return on Assets: 3.41%
  • Debt-to-Equity Ratio: 0.60%
  • Current Ratio: 3.31%
  • Quick Ratio: 1.83%
  • Average Volume: 2.36 million shs.
  • Beta: 0.71
  • Short Ratio: 5.01
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) issued its quarterly 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 had revenue of $582 million for 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%. The business's revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 earnings per share. View Fossil Group's Earnings History.

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

Fossil Group issued an update on its FY17 earnings guidance on Tuesday, May, 9th. The company provided earnings per share 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.

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

15 brokerages have issued 12-month price targets for Fossil Group's stock. Their forecasts range from $8.00 to $42.00. On average, they expect Fossil Group's stock price to reach $19.33 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 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)

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 number of of institutional and retail investors. Top institutional investors include KARTSOTIS KOSTA N (9.10%), KARTSOTIS KOSTA N (7.80%), CLASSIC FUND MANAGEMENT AKTIENGESELLSCHAFT (5.30%), Russell Investments Group Ltd. (0.09%), Fox Run Management L.L.C. (0.07%) and Louisiana State Employees Retirement System (0.04%). 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.

Who sold Fossil Group stock? Who is selling Fossil Group stock?

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.

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

Fossil Group's stock was bought 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 and Louisiana State Employees Retirement System. 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 $10.83.

MarketBeat Community Rating for Fossil Group (NASDAQ FOSL)
Community Ranking:  1.5 out of 5 ( )
Outperform Votes:  273 (Vote Outperform)
Underperform Votes:  644 (Vote Underperform)
Total Votes:  917
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: 3 Sell Ratings, 10 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 1.93)
Consensus Price Target: $19.33 (78.52% upside)

Analysts' Ratings History for Fossil Group (NASDAQ:FOSL)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/14/2017Piper Jaffray CompaniesReiterated RatingHold$15.00MediumView Rating Details
6/20/2017Buckingham ResearchUpgradeUnderperform -> NeutralLowView Rating Details
6/16/2017Wells Fargo & CompanyReiterated RatingUnderperform$12.00 -> $8.00LowView 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
5/10/2017Telsey Advisory GroupLower Price TargetMarket Perform -> Market Perform$23.00 -> $16.00HighView Rating Details
5/2/2017Jefferies Group LLCReiterated RatingHold$19.00LowView 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
5/11/2016Bank of America CorporationReiterated RatingSell$20.00N/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, Inc. (The)DowngradeNeutral -> Sell$26.00N/AView Rating Details
(Data available from 7/26/2015 forward)


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
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)


Earnings Estimates for Fossil Group (NASDAQ:FOSL)
2017 EPS Consensus Estimate: $1.17
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173($0.24)($0.15)($0.19)
Q2 20173($0.30)($0.18)($0.24)
Q3 20173$0.20$0.30$0.24
Q4 20173$1.26$1.48$1.35
(Data provided by Zacks Investment Research)


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

Insider Trades

Insider Trading and Institutional Ownership History for Fossil Group (NASDAQ:FOSL)
Insider Ownership Percentage: 12.80%
Institutional Ownership Percentage: 97.21%
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
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)


Headline Trends for Fossil Group (NASDAQ:FOSL)
Latest Headlines for Fossil Group (NASDAQ:FOSL)
DateHeadline logoUK to Ban Fossil-Fuel Cars by 2040 as Automakers Race to Adapt - Bloomberg - July 26 at 6:18 AM logoFossil Group, Inc. breached its 50 day moving average in a Bullish Manner : FOSL-US : July 21, 2017 - July 21 at 10:41 PM logoFossil Group, Inc. (FOSL) Upgraded by Zacks Investment Research to Hold - July 17 at 2:20 PM logoFossil Group, Inc. (FOSL) Expected to Post Quarterly Sales of $619.48 Million - July 16 at 8:28 AM logoFossil Group, Inc. (NASDAQ:FOSL) Stock Rating Reaffirmed by Piper Jaffray Companies - July 15 at 8:50 AM logoFossil Group, Inc. (FOSL) Receives Average Rating of "Hold" from Brokerages - July 14 at 8:20 PM logoZacks: Brokerages Expect Fossil Group, Inc. (NASDAQ:FOSL) to Post -$0.35 Earnings Per Share - July 14 at 2:20 PM logoStock Traders Buy High Volume of Fossil Group Put Options (NASDAQ:FOSL) - July 14 at 7:28 AM logoFitbit Inc (FIT) Stock Is Ticking. That’s the Sound of Time Running Out. - July 12 at 7:27 PM logoETFs with exposure to Fossil Group, Inc. : July 11, 2017 - July 11 at 7:56 PM logoFossil Group (NASDAQ:FOSL) & Movado Group (MOV) Financial Review - July 11 at 7:36 AM logoElectricity investment overtakes oil and gas for the first time ever, IEA says - July 11 at 5:22 AM logoHead to Head Comparison: Movado Group (MOV) and Fossil Group (FOSL) - July 8 at 2:18 PM logo3 Stocks That Have Been Cut in Half in 2017 - July 7 at 10:07 AM logoTraditional Watch Demand Soft: Bad Times Ahead for Fossil? - July 5 at 7:27 PM logo5 Worst Investment Ideas Of 2017 Thus Far - July 3 at 6:31 PM logoFossil Group (FOSL) Looks Good: Stock Adds 5% in Session - June 23 at 5:57 PM logoFossil Group (FOSL) vs. Skechers U.S.A. (SKX) Financial Review - June 23 at 4:50 PM logoComparing Skechers U.S.A. (SKX) & Fossil Group (FOSL) - June 23 at 8:40 AM logoZacks: Brokerages Anticipate Fossil Group, Inc. (FOSL) Will Announce Quarterly Sales of $619.48 Million - June 22 at 11:08 AM logo[$$] Why US bondholders should watch the oil market - June 21 at 6:50 PM logoWhy Fossil (FOSL) is a Touch-Me-Not Stock for Investors - June 21 at 6:50 PM logoFossil Isn't Dead Just Yet, Analyst Contends - June 20 at 5:57 PM logoFossil Group, Inc. (FOSL) Expected to Announce Earnings of -$0.35 Per Share - June 20 at 12:26 PM logoFossil perks up after Buckingham calls valuatgion balanced - June 20 at 10:43 AM logoBuckingham Research Upgrades Fossil Group, Inc. (FOSL) to Neutral - June 20 at 7:58 AM logoFossil Group, Inc. (FOSL) Given Consensus Rating of "Hold" by Brokerages - June 19 at 8:50 PM logoHead-To-Head Survey: Fossil Group (FOSL) versus Rocky Brands (RCKY) - June 19 at 2:10 PM logoTrade of the Day: Fossil Group Inc (FOSL) - - June 18 at 9:57 AM logoFossil Group's (FOSL) "Underperform" Rating Reaffirmed at Wells Fargo & Company - June 17 at 9:16 AM logoTrade of the Day: Fossil Group Inc (FOSL) - June 16 at 9:53 AM logoFossil Group, Inc. (FOSL) Chairman Sells $6,081,250.00 in Stock - June 15 at 10:26 PM logoNear a 15-Year Low, Is Fossil Group a Buy? - June 15 at 6:43 PM logoWhy Fossil Group, Inc. Stock Plummeted 37.6% in May - June 15 at 9:37 AM logoFossil Group (FOSL) Down 24.9% Since Earnings Report: Can It Rebound? - Nasdaq - June 14 at 6:29 PM logoFOSL, MYL and CAKE stock were doomed from the start of Tuesday's trading - June 13 at 5:03 PM logoFossil Is in a 'Black Hole' and Will Probably Stay There for Eternity, Says Analyst - June 13 at 5:03 PM logoFinancial Review: Fossil Group (FOSL) & Foot Locker (FL) - June 13 at 2:04 PM logoFossil Group (FOSL) Down 24.9% Since Earnings Report: Can It Rebound? - June 13 at 11:28 AM logoFossil Group, Inc. (FOSL) Chairman Kosta N. Kartsotis Sells 520,281 Shares - June 12 at 7:14 PM logoFossil Group Inc (FOSL) Lowered to "Hold" at ValuEngine - June 4 at 4:20 PM logoKosta N. Kartsotis Sells 1,075,000 Shares of Fossil Group Inc (FOSL) Stock - May 30 at 7:22 PM logoBear of the Day: Fossil (FOSL) - May 30 at 11:13 AM logoPost Earnings Coverage as Wolverine World Wide's Q1 2017 Results Outperformed Projections - May 30 at 11:13 AM logo$619.48 Million in Sales Expected for Fossil Group Inc (FOSL) This Quarter - May 27 at 9:02 AM logoWhy Should You Dump Fossil Group (FOSL) from Your Portfolio? - Nasdaq - May 26 at 5:55 PM logoETFs with exposure to Fossil Group, Inc. : May 26, 2017 - May 26 at 5:54 PM logoWatches Are Back in Style, but This Watchmaker Is Not - May 25 at 7:01 PM logoFossil Group Inc (FOSL) Given Average Rating of "Hold" by Brokerages - May 23 at 8:22 PM logoWhat Makes Fossil Group (FOSL) a Strong Sell? - May 23 at 11:56 AM



Fossil Group (FOSL) Chart for Wednesday, July, 26, 2017

This page was last updated on 7/26/2017 by Staff