Fossil Group (NASDAQ:FOSL) Stock Rating Raised to Buy at Wall Street Zen

Fossil Group (NASDAQ:FOSL) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

Several other brokerages also recently weighed in on FOSL. Weiss Ratings restated a “sell (d-)” rating on shares of Fossil Group in a research note on Thursday, October 15th. Zacks Research raised Fossil Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Lake Street Capital began coverage on Fossil Group in a research report on Wednesday, October 7th. They set a “buy” rating and a $10.00 price target on the stock. Northland Securities set a $8.00 price objective on Fossil Group in a report on Thursday, August 13th. Finally, Craig Hallum assumed coverage on Fossil Group in a research report on Thursday, September 10th. They issued a “buy” rating and a $12.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $9.25.

Fossil Group Stock Performance

Shares of Fossil Group stock opened at $8.43 on Friday. The company has a market capitalization of $498.55 million, a PE ratio of -25.54 and a beta of 1.61. The company has a 50-day simple moving average of $6.61 and a two-hundred day simple moving average of $5.03. Fossil Group has a one year low of $1.70 and a one year high of $10.55. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.05 and a current ratio of 1.73.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings results on Tuesday, November 10th. The accessories brand company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.23. Fossil Group had a negative net margin of 1.86% and a negative return on equity of 7.76%. The business had revenue of $271.20 million for the quarter, compared to analysts’ expectations of $248.66 million. During the same period last year, the business earned ($0.76) EPS. Research analysts expect that Fossil Group will post 0.06 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Pamela J. Edwards bought 7,208 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were bought at an average price of $5.58 per share, with a total value of $40,220.64. Following the transaction, the director owned 50,251 shares in the company, valued at approximately $280,400.58. This trade represents a 16.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Fossil Group

Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of Fossil Group by 10.3% during the third quarter. Russell Investments Group Ltd. now owns 52,238 shares of the accessories brand company’s stock worth $343,000 after purchasing an additional 4,899 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Fossil Group in the 2nd quarter valued at about $34,000. Dimensional Fund Advisors LP lifted its stake in Fossil Group by 6.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 163,035 shares of the accessories brand company’s stock valued at $702,000 after buying an additional 10,399 shares in the last quarter. Empowered Funds LLC boosted its holdings 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 worth $539,000 after buying an additional 10,596 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Fossil Group in the 2nd quarter worth about $64,000. 61.14% of the stock is owned by institutional investors and hedge funds.

Fossil Group News Summary

Here’s some of the latest news about FOSL:

• Positive Sentiment: Zacks Research upgraded Fossil to Strong Buy from Hold, adding to upbeat analyst sentiment. Read More.
• Positive Sentiment: Craig-Hallum maintained its Buy rating, providing another supportive analyst view. Read More.
• Negative Sentiment: A Seeking Alpha analysis characterized the quarterly results as strong but said the rally may already price in the improvement, maintaining a Hold view. Northland also cut its Q4 2026 EPS estimate to $0.05 from $0.13, despite raising estimates for other periods. Read More.

Fossil Group Company Profile

Fossil Group designs, develops, markets and distributes fashion accessories, including watches, handbags, small leather goods, jewelry and other accessories. Its products are sold under company-owned brands such as Fossil, Skagen, Michele and Zodiac, as well as through licensing agreements with third-party brands. Founded in 1984, the company has built its business around combining watchmaking with fashion-oriented design. It serves customers internationally through wholesale partners, retail stores and online channels.