Research Analysts Offer Predictions for Fossil Group Inc’s Q2 2018 Earnings (FOSL)

Fossil Group Inc (NASDAQ:FOSL) – Analysts at Jefferies Group issued their Q2 2018 earnings estimates for Fossil Group in a research report issued to clients and investors on Wednesday. Jefferies Group analyst R. Konik expects that the accessories brand company will post earnings per share of ($0.24) for the quarter. Jefferies Group also issued estimates for Fossil Group’s Q3 2018 earnings at ($0.02) EPS and FY2019 earnings at ($0.05) EPS.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings results on Tuesday, February 13th. The accessories brand company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.24. Fossil Group had a negative net margin of 17.15% and a positive return on equity of 0.61%. The firm had revenue of $920.80 million during the quarter, compared to the consensus estimate of $890.47 million. During the same period last year, the firm earned $1.03 EPS.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Fossil Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Buckingham Research downgraded shares of Fossil Group from a “neutral” rating to an “underperform” rating in a report on Friday, January 5th. BidaskClub raised shares of Fossil Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Bank of America dropped their price objective on shares of Fossil Group from $7.00 to $4.00 and set an “underperform” rating for the company in a report on Wednesday, November 8th. Finally, ValuEngine downgraded shares of Fossil Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Five analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.75.

Shares of Fossil Group (NASDAQ FOSL) opened at $16.97 on Thursday. Fossil Group has a fifty-two week low of $5.50 and a fifty-two week high of $21.03. The company has a current ratio of 2.32, a quick ratio of 1.09 and a debt-to-equity ratio of 0.68. The stock has a market cap of $823.52, a price-to-earnings ratio of -2.36 and a beta of 0.65.

In other Fossil Group news, EVP Martin Frey bought 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were bought at an average price of $7.41 per share, for a total transaction of $55,575.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 12.80% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Unison Advisors LLC purchased a new position in Fossil Group in the 4th quarter worth $107,000. GSA Capital Partners LLP purchased a new position in Fossil Group in the 2nd quarter worth $120,000. Teacher Retirement System of Texas purchased a new position in Fossil Group in the 4th quarter worth $120,000. KBC Group NV raised its position in Fossil Group by 167.9% in the 3rd quarter. KBC Group NV now owns 13,441 shares of the accessories brand company’s stock worth $125,000 after purchasing an additional 8,424 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new position in Fossil Group in the 2nd quarter worth $130,000. Institutional investors own 92.48% of the company’s stock.

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Fossil Group Company Profile

Fossil 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.

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