Fossil Group, Inc. (NASDAQ:FOSL) Stock Has Average Price Target of $9.25

Fossil Group, Inc. (NASDAQ:FOSL) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $9.25.

FOSL has been the subject of several recent research reports. Craig Hallum began coverage on Fossil Group in a research note on Thursday, September 10th. They issued a “buy” rating and a $12.00 price target for the company. Lake Street Capital initiated coverage on Fossil Group in a research note on Wednesday, October 7th. They issued a “buy” rating and a $10.00 price objective on the stock. Northland Securities set a $8.00 target price on Fossil Group in a report on Thursday, August 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fossil Group in a report on Thursday, October 15th.

Insider Transactions at Fossil Group

In other news, Director Pamela J. Edwards purchased 7,208 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were purchased at an average price of $5.58 per share, for a total transaction of $40,220.64. Following the transaction, the director owned 50,251 shares of the company’s stock, valued at approximately $280,400.58. This trade represents a 16.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FOSL. Public Employees Retirement System of Ohio bought a new position in Fossil Group during the second quarter worth $34,000. The Manufacturers Life Insurance Company acquired a new stake in Fossil Group in the second quarter worth $64,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in Fossil Group in the second quarter worth $73,000. State of Wyoming bought a new stake in Fossil Group in the second quarter valued at $101,000. Finally, HB Wealth Management LLC bought a new stake in Fossil Group in the first quarter valued at $123,000. 61.14% of the stock is owned by institutional investors and hedge funds.

Fossil Group Trading Up 1.8%

FOSL opened at $7.76 on Friday. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.76 and a quick ratio of 1.05. Fossil Group has a fifty-two week low of $1.70 and a fifty-two week high of $8.01. The company’s 50 day moving average price is $6.21 and its two-hundred day moving average price is $4.89. The firm has a market capitalization of $458.91 million, a price-to-earnings ratio of -6.06 and a beta of 1.61.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings results on Wednesday, August 12th. The accessories brand company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.16. The firm had revenue of $209.69 million during the quarter, compared to the consensus estimate of $199.33 million. Fossil Group had a negative net margin of 7.09% and a negative return on equity of 59.76%. As a group, research analysts predict that Fossil Group will post -0.04 earnings per share for the current year.

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.