Fossil Group Company Profile (NASDAQ:FOSL)

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

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

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

16 brokerages have issued 12 month target prices for Fossil Group's stock. Their predictions range from $7.00 to $42.00. On average, they expect Fossil Group's stock price to reach $16.38 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 industry since past many quarters, primarily due to a decline in the company's in traditional watches, softness in leather and jewelry 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 in nine out of the last 11 straight quarters. Though the Watches category is likely to remain sluggish due to increased competition from new entrants in the market 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, which aims at improving the financial performance of the Fossil brand and build an improved operating platform to drive long-term shareholder value." (9/6/2017)
• 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)

Fossil Group saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 17,125,021 shares, an increase of 14.6% from the August 15th total of 14,940,456 shares. Based on an average daily volume of 3,124,338 shares, the days-to-cover ratio is currently 5.5 days. Approximately 39.8% of the shares of the company are sold short.

Some companies that are related to Fossil Group include Ethan Allen Interiors (ETH), Denny's Corporation (DENN), Red Robin Gourmet Burgers (RRGB), DEBENHAMS ADR (DBHSY), Buckle, Inc. (The) (BKE), Tile Shop Hldgs (TTS), Sears Holdings Corporation (SHLD), DineEquity (DIN), PetMed Express (PETS), Conn's (CONN), PC Connection (CNXN), BJ's Restaurants (BJRI), Biglari Holdings (BH), GNC Holdings (GNC), 1-800 FLOWERS.COM (FLWS), Regis Corporation (RGS), Movado Group (MOV) and Ruth's Hospitality Group (RUTH).

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 many different of retail and institutional investors. Top institutional shareholders include FMR LLC (15.00%), Vanguard Group Inc. (7.36%), CLASSIC FUND MANAGEMENT AKTIENGESELLSCHAFT (6.10%), CLASSIC FUND MANAGEMENT AKTIENGESELLSCHAFT (5.30%), JPMorgan Chase & Co. (5.19%) and Dimensional Fund Advisors LP (4.22%). 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.

Fossil Group's stock was sold by a variety of institutional investors in the last quarter, including Thompson Siegel & Walmsley LLC, Schroder Investment Management Group, Vanguard Group Inc., Northern Trust Corp, Contrarius Investment Management Ltd, Piermont Capital Management Inc., Quantbot Technologies LP and Public Sector Pension investment Board. 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 bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Arrowstreet Capital Limited Partnership, Southpoint Capital Advisors LP, Pacifica Capital Investments LLC, Wells Fargo & Company MN, Koch Industries Inc., Airain ltd and Dimensional Fund Advisors LP. 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.

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 $8.88.