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 results on Tuesday, August, 8th. The company reported ($0.23) earnings per share for the quarter, topping analysts' consensus estimates of ($0.28) by $0.05. The business earned $596.80 million during 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 business's quarterly revenue was down 12.9% compared to the same quarter last year. During the same quarter last 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 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 analysts have issued 1 year target prices 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.

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)

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

Some companies that are related to Fossil Group include Conn's (CONN), DEBENHAMS ADR (DBHSY), DineEquity (DIN), PC Connection (CNXN), Buckle, Inc. (The) (BKE), Overstock.com (OSTK), Sears Holdings Corporation (SHLD), PetMed Express (PETS), Biglari Holdings (BH), Regis Corporation (RGS), BJ's Restaurants (BJRI), Ruth's Hospitality Group (RUTH), Movado Group (MOV), 1-800 FLOWERS.COM (FLWS), Del Taco Restaurants (TACO), Farmer Brothers Company (FARM), GNC Holdings (GNC) and Barnes & Noble (BKS).

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 institutional and retail investors. Top institutional investors include CLASSIC FUND MANAGEMENT AKTIENGESELLSCHAFT (6.10%) and CLASSIC FUND MANAGEMENT AKTIENGESELLSCHAFT (5.30%). 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.

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 $8.78.