News coverage about Fossil Group (NASDAQ:FOSL) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fossil Group earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the accessories brand company an impact score of 46.8765519186149 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Fossil Group, Inc. (FOSL) expected to achieve -740.90% earnings growth for this year (wallstreetinvestorplace.com)
- Wednesday Sector Leaders: General Contractors & Builders, Textiles (nasdaq.com)
- Local Governments Want Fossil Fuel Companies To Pay For Climate Damages (huffingtonpost.com)
- India’s paleontologists fight destruction of its fossil riches (sciencemag.org)
- Environmental rights group backs anti-fossil fuel suit against Shell (punchng.com)
A number of research analysts have recently issued reports on the stock. KeyCorp reiterated an “overweight” rating and set a $25.00 price target (up from $15.00) on shares of Fossil Group in a research note on Wednesday, February 14th. BidaskClub upgraded shares of Fossil Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 27th. ValuEngine lowered shares of Fossil Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Buckingham Research upped their target price on shares of Fossil Group from $5.00 to $8.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 14th. Finally, Telsey Advisory Group upped their target price on shares of Fossil Group from $7.00 to $15.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $12.46.
Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings results on Tuesday, February 13th. The accessories brand company reported $0.64 earnings per share (EPS) for the quarter, beating the 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 0.65%. The company had revenue of $920.80 million for the quarter, compared to the consensus estimate of $890.47 million. During the same quarter in the prior year, the firm earned $1.03 earnings per share. analysts forecast that Fossil Group will post -0.18 EPS for the current fiscal year.
In other Fossil Group news, CEO Kosta N. Kartsotis sold 15,421 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $13.99, for a total value of $215,739.79. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 679,972 shares of company stock worth $9,041,909 in the last ninety days. Insiders own 12.80% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Fossil Group (NASDAQ:FOSL) Share Price” was reported by BBNS and is the sole property of of BBNS. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://baseballnewssource.com/2018/04/05/fossil-group-fosl-getting-somewhat-favorable-media-coverage-analysis-shows/2027267.html.
About Fossil Group
Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company's principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, and sunglasses. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ARMANI EXCHANGE, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.
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