Fossil Group (NASDAQ:FOSL) Downgraded to “Buy” at BidaskClub

Share on StockTwits

BidaskClub lowered shares of Fossil Group (NASDAQ:FOSL) from a strong-buy rating to a buy rating in a report released on Wednesday, BidAskClub reports.

A number of other brokerages have also commented on FOSL. ValuEngine lowered shares of Fossil Group from a sell rating to a strong sell rating in a research report on Tuesday, August 13th. Telsey Advisory Group reissued a market perform rating and issued a $12.00 price objective (down previously from $15.00) on shares of Fossil Group in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and an average price target of $14.00.

Shares of FOSL stock opened at $12.34 on Wednesday. The company’s fifty day simple moving average is $11.44 and its 200-day simple moving average is $12.17. The company has a quick ratio of 1.05, a current ratio of 1.92 and a debt-to-equity ratio of 0.87. The firm has a market cap of $605.66 million, a PE ratio of 16.22 and a beta of 0.45. Fossil Group has a 12 month low of $9.00 and a 12 month high of $25.21.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings data on Wednesday, August 7th. The accessories brand company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.03. The business had revenue of $501.40 million for the quarter, compared to analyst estimates of $499.05 million. Fossil Group had a net margin of 1.40% and a return on equity of 6.94%. The firm’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. On average, equities analysts predict that Fossil Group will post 1.49 earnings per share for the current fiscal year.

In other news, insider Darren E. Hart purchased 20,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were purchased at an average cost of $10.03 per share, with a total value of $200,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Gregory A. Mckelvey purchased 100,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were purchased at an average cost of $9.86 per share, for a total transaction of $986,000.00. Following the completion of the transaction, the executive vice president now directly owns 432,093 shares of the company’s stock, valued at approximately $4,260,436.98. The disclosure for this purchase can be found here. Insiders have acquired 153,600 shares of company stock worth $1,529,992 over the last ninety days. Insiders own 8.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Flinton Capital Management LLC raised its position in Fossil Group by 22.8% during the second quarter. Flinton Capital Management LLC now owns 6,032 shares of the accessories brand company’s stock worth $69,000 after acquiring an additional 1,120 shares in the last quarter. Riverhead Capital Management LLC raised its position in Fossil Group by 22.2% during the second quarter. Riverhead Capital Management LLC now owns 6,600 shares of the accessories brand company’s stock worth $76,000 after acquiring an additional 1,200 shares in the last quarter. Comerica Bank raised its position in Fossil Group by 2.6% during the first quarter. Comerica Bank now owns 47,238 shares of the accessories brand company’s stock worth $632,000 after acquiring an additional 1,213 shares in the last quarter. Texas Permanent School Fund raised its position in Fossil Group by 4.1% during the first quarter. Texas Permanent School Fund now owns 30,988 shares of the accessories brand company’s stock worth $425,000 after acquiring an additional 1,214 shares in the last quarter. Finally, Meadow Creek Investment Management LLC raised its position in Fossil Group by 22.8% during the second quarter. Meadow Creek Investment Management LLC now owns 8,294 shares of the accessories brand company’s stock worth $95,000 after acquiring an additional 1,540 shares in the last quarter.

Fossil Group Company Profile

Fossil Group, Inc designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. Its principal products include men's and women's fashion watches and jewelry, smartwatches, handbags, small leather goods, belts, and sunglasses.

Featured Story: Why do corrections happen?

Receive News & Ratings for Fossil Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fossil Group and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.