Somewhat Positive Press Coverage Somewhat Unlikely to Affect Fossil Group (NASDAQ:FOSL) Share Price

News headlines about Fossil Group (NASDAQ:FOSL) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fossil Group earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned news coverage about the accessories brand company an impact score of 46.5993931672669 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media stories that may have effected Accern’s rankings:

A number of equities analysts have weighed in on FOSL shares. Buckingham Research cut their target price on shares of Fossil Group from $9.00 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, November 8th. Bank of America cut their price objective on shares of Fossil Group from $7.00 to $4.00 and set an “underperform” rating for the company in a research report on Wednesday, November 8th. Piper Jaffray Companies set a $10.00 price objective on shares of Fossil Group and gave the company a “hold” rating in a research report on Thursday, October 12th. Zacks Investment Research upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, ValuEngine downgraded shares of Fossil Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. Fossil Group currently has a consensus rating of “Hold” and a consensus target price of $11.35.

Shares of Fossil Group (NASDAQ FOSL) opened at $9.38 on Monday. The company has a market cap of $455.19, a price-to-earnings ratio of -1.30 and a beta of 0.75. Fossil Group has a fifty-two week low of $5.50 and a fifty-two week high of $26.78. The company has a current ratio of 2.32, a quick ratio of 1.09 and a debt-to-equity ratio of 0.68.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings results on Tuesday, November 7th. The accessories brand company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.32. Fossil Group had a negative net margin of 12.33% and a positive return on equity of 4.75%. The company had revenue of $689.00 million for the quarter, compared to analysts’ expectations of $649.87 million. During the same quarter in the previous year, the business posted $0.36 EPS. Fossil Group’s revenue was down 6.6% compared to the same quarter last year. sell-side analysts forecast that Fossil Group will post -0.22 earnings per share for the current year.

In other Fossil Group news, EVP Martin Frey purchased 7,500 shares of Fossil Group stock in a transaction dated Wednesday, November 22nd. The stock was purchased at an average price of $7.41 per share, with a total value of $55,575.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory A. Mckelvey purchased 110,000 shares of Fossil Group stock in a transaction dated Friday, November 10th. The shares were acquired at an average cost of $6.22 per share, with a total value of $684,200.00. The disclosure for this purchase can be found here. 12.80% of the stock is currently owned by insiders.

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Fossil Group Company Profile

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.

Insider Buying and Selling by Quarter for Fossil Group (NASDAQ:FOSL)

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