News headlines about Fossil Group (NASDAQ:FOSL) have trended very positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. 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 news impact score of 0.51 on Accern’s scale. Accern also assigned press coverage about the textile maker an impact score of 82 out of 100, meaning that recent media coverage is very likely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- Fossil Group, Inc. (FOSL) stock uncovered monthly dull performance with sinking progress of -21.07% – Stocks Gallery (stocksgallery.com)
- Fossil Group (FOSL) Looks Good: Stock Adds 5% in Session (finance.yahoo.com)
- Fossil Group (FOSL) vs. Skechers U.S.A. (SKX) Financial Review (americanbankingnews.com)
- Comparing Skechers U.S.A. (SKX) & Fossil Group (FOSL) (americanbankingnews.com)
- Analysts Estimates And Ratings Fossil Group, Inc. (FOSL) (ismboard.com)
Fossil Group (FOSL) traded up 2.91% during trading on Friday, hitting $9.91. The stock had a trading volume of 3,163,953 shares. Fossil Group has a 52 week low of $8.98 and a 52 week high of $36.87. The company has a 50-day moving average of $12.39 and a 200-day moving average of $19.53. The stock has a market capitalization of $480.28 million, a P/E ratio of 19.43 and a beta of 0.74.
Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Tuesday, May 9th. The textile maker reported ($0.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.14. Fossil Group had a return on equity of 7.59% and a net margin of 0.84%. The firm had revenue of $582 million for the quarter, compared to the consensus estimate of $590.51 million. During the same period last year, the firm earned $0.12 EPS. The company’s revenue for the quarter was down 11.8% on a year-over-year basis. On average, equities analysts expect that Fossil Group will post $0.84 earnings per share for the current fiscal year.
FOSL has been the subject of several recent research reports. Cowen and Company reduced their price target on Fossil Group from $15.00 to $12.00 and set a “market perform” rating for the company in a research note on Wednesday, May 10th. Wells Fargo & Company restated an “underperform” rating on shares of Fossil Group in a research note on Friday, March 3rd. Zacks Investment Research upgraded Fossil Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 8th. Instinet reduced their price target on Fossil Group from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, May 10th. Finally, TheStreet downgraded Fossil Group from a “c-” rating to a “d+” rating in a research note on Thursday, May 11th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $20.11.
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In other news, Chairman Kosta N. Kartsotis sold 520,281 shares of Fossil Group stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $10.71, for a total value of $5,572,209.51. Following the transaction, the chairman now owns 3,445,546 shares in the company, valued at $36,901,797.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Kosta N. Kartsotis sold 1,075,000 shares of Fossil Group stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $11.29, for a total value of $12,136,750.00. Following the completion of the transaction, the chairman now owns 4,183,047 shares in the company, valued at approximately $47,226,600.63. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,220,281 shares of company stock valued at $23,790,210. Corporate insiders own 12.80% of the company’s stock.
About Fossil Group
Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity.
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