Fossil Group Q2 EPS Estimate Lowered by Northland Securities

Fossil Group, Inc. (NASDAQ:FOSL) – Northland Securities dropped their Q2 2027 earnings per share estimates for shares of Fossil Group in a research report issued to clients and investors on Monday, March 23rd. Northland Securities analyst O. Rickert now forecasts that the accessories brand company will post earnings per share of $0.07 for the quarter, down from their previous estimate of $0.11. Northland Securities currently has a “Outperform” rating and a $7.00 target price on the stock.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings results on Wednesday, March 11th. The accessories brand company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.17). Fossil Group had a negative return on equity of 46.78% and a negative net margin of 7.81%.The company had revenue of $280.52 million for the quarter, compared to analysts’ expectations of $249.28 million.

FOSL has been the subject of several other research reports. Wall Street Zen downgraded Fossil Group from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Research raised shares of Fossil Group to a “hold” rating in a research note on Friday, February 20th. Maxim Group upped their target price on shares of Fossil Group from $5.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fossil Group in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fossil Group currently has a consensus rating of “Hold” and an average target price of $7.00.

Fossil Group Trading Up 1.3%

NASDAQ:FOSL opened at $4.04 on Tuesday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.05 and a current ratio of 1.55. Fossil Group has a 1 year low of $0.86 and a 1 year high of $5.00. The stock has a fifty day moving average price of $4.06 and a two-hundred day moving average price of $3.34. The stock has a market capitalization of $235.75 million, a price-to-earnings ratio of -2.77 and a beta of 1.68.

Institutional Trading of Fossil Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kanen Wealth Management LLC acquired a new stake in Fossil Group in the fourth quarter worth about $5,515,000. Nantahala Capital Management LLC increased its stake in Fossil Group by 35.4% during the 4th quarter. Nantahala Capital Management LLC now owns 5,064,359 shares of the accessories brand company’s stock valued at $19,042,000 after buying an additional 1,323,202 shares during the period. Prescott Group Capital Management L.L.C. raised its position in shares of Fossil Group by 1,220.7% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 875,026 shares of the accessories brand company’s stock worth $3,290,000 after buying an additional 808,770 shares in the last quarter. Quinn Opportunity Partners LLC raised its position in shares of Fossil Group by 4,465.6% during the 3rd quarter. Quinn Opportunity Partners LLC now owns 470,301 shares of the accessories brand company’s stock worth $1,209,000 after buying an additional 460,000 shares in the last quarter. Finally, Fund 1 Investments LLC lifted its stake in shares of Fossil Group by 180.7% in the 4th quarter. Fund 1 Investments LLC now owns 642,043 shares of the accessories brand company’s stock worth $2,414,000 after acquiring an additional 413,349 shares during the period. 61.14% of the stock is owned by institutional investors.

Fossil Group Company Profile

Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.

The group’s wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.