Fossil Group, Inc. (NASDAQ:FOSL) Stock Has Average Target Price of $9.00 According to Analysts

Fossil Group, Inc. (NASDAQ:FOSL) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $9.25.

A number of equities research analysts have recently weighed in on FOSL shares. Craig Hallum started coverage on Fossil Group in a research report on Thursday, September 10th. They set a “buy” rating and a $12.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fossil Group in a research report on Friday, July 17th. Northland Securities set a $8.00 price objective on Fossil Group in a research report on Thursday, August 13th. Finally, Lake Street Capital assumed coverage on Fossil Group in a report on Wednesday. They set a “buy” rating and a $10.00 price objective for the company.

Fossil Group Stock Up 2.1%

FOSL stock opened at $7.15 on Monday. Fossil Group has a twelve month low of $1.70 and a twelve month high of $7.33. The company has a market cap of $422.85 million, a PE ratio of -5.59 and a beta of 1.55. The company has a quick ratio of 1.05, a current ratio of 1.76 and a debt-to-equity ratio of 2.74. The business’s 50-day simple moving average is $5.71 and its 200 day simple moving average is $4.85.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings data on Wednesday, August 12th. The accessories brand company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.16. The company had revenue of $209.69 million during the quarter, compared to the consensus estimate of $199.33 million. Fossil Group had a negative net margin of 7.09% and a negative return on equity of 59.76%. On average, research analysts anticipate that Fossil Group will post -0.04 earnings per share for the current year.

Insider Activity at Fossil Group

In other Fossil Group news, Director Pamela J. Edwards purchased 7,208 shares of the stock in a transaction dated Thursday, August 20th. The stock was bought at an average price of $5.58 per share, for a total transaction of $40,220.64. Following the transaction, the director directly owned 50,251 shares in the company, valued at $280,400.58. This represents a 16.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 3.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Fossil Group

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in Fossil Group in the 2nd quarter valued at approximately $34,000. Dimensional Fund Advisors LP grew its position in shares of Fossil Group by 6.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 163,035 shares of the accessories brand company’s stock worth $702,000 after buying an additional 10,399 shares during the period. Empowered Funds LLC grew its position in Fossil Group by 9.3% in the 1st quarter. Empowered Funds LLC now owns 124,999 shares of the accessories brand company’s stock valued at $539,000 after purchasing an additional 10,596 shares during the period. The Manufacturers Life Insurance Company bought a new position in Fossil Group during the 2nd quarter valued at $64,000. Finally, Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Fossil Group in the second quarter valued at approximately $73,000. Institutional investors and hedge funds own 61.14% of the company’s stock.

About Fossil Group

Fossil Group, Inc is a global design, marketing and distribution company focused on consumer lifestyle accessories. The company is best known for watches and also offers jewelry, handbags, small leather goods and other accessories.

Fossil Group markets products under its owned brands, including Fossil, Skagen, Michele and Zodiac, as well as through licensed and other brand relationships. Its products are sold through company-operated and third-party retail stores, e-commerce platforms and other distribution channels.

Founded in 1984 by Tom Kartsotis, the company is headquartered in Richardson, Texas, and serves customers in markets across North America, Europe, Asia and other international regions.