Fossil Group, Inc. (NASDAQ:FOSL) Stock Rated “Moderate Buy” by Sell-Side Analysts

Fossil Group, Inc. (NASDAQ:FOSL) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $9.25.

A number of research firms have weighed in on FOSL. Lake Street Capital started coverage on Fossil Group in a research report on Wednesday, October 7th. They issued a “buy” rating and a $10.00 target price for the company. Craig Hallum started coverage on Fossil Group in a research report on Thursday, September 10th. They set a “buy” rating and a $12.00 price target on the stock. Northland Securities set a $8.00 price objective on Fossil Group in a research note on Thursday, August 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Fossil Group in a report on Thursday, October 15th.

Fossil Group Stock Down 1.8%

Fossil Group stock opened at $6.69 on Friday. Fossil Group has a 52 week low of $1.70 and a 52 week high of $7.39. The stock has a market cap of $395.65 million, a price-to-earnings ratio of -5.23 and a beta of 1.61. The company’s 50-day moving average price is $6.12 and its two-hundred day moving average price is $4.85. The company has a current ratio of 1.76, a quick ratio of 1.05 and a debt-to-equity ratio of 2.74.

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

Insider Transactions at Fossil Group

In other news, Director Pamela J. Edwards bought 7,208 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average cost of $5.58 per share, with a total value of $40,220.64. Following the completion of the acquisition, the director directly owned 50,251 shares in the company, valued at approximately $280,400.58. The trade was a 16.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fossil Group

Large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in Fossil Group during the 2nd quarter worth about $34,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Fossil Group during the 2nd quarter worth about $64,000. Texas Capital Bank Wealth Management Services Inc bought a new position in Fossil Group during the second quarter valued at approximately $73,000. State of Wyoming acquired a new stake in shares of Fossil Group in the 2nd quarter valued at $101,000. Finally, HB Wealth Management LLC acquired a new stake in Fossil Group in the 1st quarter worth approximately $123,000. Institutional investors own 61.14% of the company’s stock.

Fossil Group Company Profile

Fossil Group, Inc is a global design, sourcing, marketing and distribution company focused primarily on watches and accessories. Its products include traditional watches, jewelry, handbags, small leather goods and other fashion accessories sold through company-operated and third-party retail stores, e-commerce channels and wholesale partners.

The company markets products under its Fossil, Skagen, Michele and Relic brands, as well as through various licensed brand relationships. Fossil Group was founded in 1984 and is headquartered in Richardson, Texas.