The stock of Fossil Group Inc (NASDAQ:FOSL) is a huge mover today! The stock increased 2.94% or $0.78 during the last trading session, hitting $27.27. About 938,943 shares traded hands or 25.95% up from the average. Fossil Group Inc (NASDAQ:FOSL) has declined 39.33% since March 29, 2016 and is downtrending. It has underperformed by 42.80% the S&P500.
The move comes after 6 months positive chart setup for the $1.31B company. It was reported on Oct, 31 by Barchart.com. We have $36.00 PT which if reached, will make NASDAQ:FOSL worth $419.20 million more.
Analysts await Fossil Group Inc (NASDAQ:FOSL) to report earnings on November, 10. They expect $0.29 EPS, down 75.63% or $0.90 from last year’s $1.19 per share. FOSL’s profit will be $13.93M for 23.51 P/E if the $0.29 EPS becomes a reality. After $0.12 actual EPS reported by Fossil Group Inc for the previous quarter, Wall Street now forecasts 141.67% EPS growth.
Fossil Group Inc (NASDAQ:FOSL) Ratings Coverage
Out of 16 analysts covering Fossil (NASDAQ:FOSL), 3 rate it a “Buy”, 5 “Sell”, while 8 “Hold”. This means 19% are positive. Fossil has been the topic of 31 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Telsey Advisory Group maintained the stock with “Market Perform” rating in Wednesday, May 11 report. The firm has “Hold” rating given on Monday, January 4 by Jefferies. Macquarie Research maintained the shares of FOSL in a report on Wednesday, August 12 with “Neutral” rating. Topeka Capital Markets maintained the shares of FOSL in a report on Monday, November 16 with “Buy” rating. The firm has “Sell” rating by Goldman Sachs given on Friday, December 18. Telsey Advisory Group maintained the stock with “Market Perform” rating in Friday, November 13 report. Oppenheimer maintained the shares of FOSL in a report on Wednesday, August 12 with “Perform” rating. The company was initiated on Wednesday, September 30 by Mizuho. The firm has “Neutral” rating given on Friday, November 13 by Mizuho. Mizuho maintained it with “Neutral” rating and $30 target price in Friday, February 12 report.
According to Zacks Investment Research, “Fossil Group, Inc. is involved in designing, marketing and distribution of consumer fashion accessories. The Company’s product portfolio include men’s and women’s watches, handbags, belts, small leather goods, jewellery, sunglasses, hats, gloves and scarves, jeans, outerwear, fashion tops and bottoms, tee shirts as well as optical frames. Its brands include MICHELE, Zodiac, Relic, Emporio Armani, DKNY, Armani Exchange, Michael Kors, Diesel, Burberry, Marc by Marc Jacobs, Adidas, Skagen Denmark, and Karl Lagerfeld. The Company operates in four different segments: the North America Wholesale segment, the Europe Wholesale segment, Asia Pacific Wholesale segment and the Direct to Consumer segment. It serves market through department stores, specialty retail stores, specialty watch and jewellery stores, retail and outlet stores, mass market stores, clothing stores as well as through its catalogs and Website. Fossil Group Inc., formerly known as Fossil, Inc. is based in Richardson, Texas.”
Insitutional Activity: The institutional sentiment increased to 0.84 in Q2 2016. Its up 0.05, from 0.79 in 2016Q1. The ratio increased, as 61 funds sold all Fossil Group Inc shares owned while 55 reduced positions. 24 funds bought stakes while 73 increased positions. They now own 45.71 million shares or 1.74% less from 46.52 million shares in 2016Q1.
Peak6 Invests Limited Partnership, a Illinois-based fund reported 12,962 shares. Ubs Oconnor Limited Liability Com last reported 0% of its portfolio in the stock. Ls Invest Advsr Limited Liability Company owns 4,117 shares or 0.01% of their US portfolio. Mutual Of America Capital Management Limited Liability Company accumulated 29,540 shares or 0.02% of the stock. Moreover, Parametric Portfolio Assocs Limited Liability has 0.01% invested in Fossil Group Inc (NASDAQ:FOSL) for 143,889 shares. South Dakota Invest Council, a South Dakota-based fund reported 14,000 shares. Horizon Kinetics last reported 13,790 shares in the company. Metropolitan Life Communication Ny holds 0.01% of its portfolio in Fossil Group Inc (NASDAQ:FOSL) for 68,229 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Fossil Group Inc (NASDAQ:FOSL) for 943 shares. Pnc Ser Grp last reported 0% of its portfolio in the stock. Gotham Asset Management Ltd Liability Corp last reported 564,208 shares in the company. The Tennessee-based Ftb has invested 0% in Fossil Group Inc (NASDAQ:FOSL). Advantus Capital accumulated 0% or 5,011 shares. Irving Magee Invest Management accumulated 1.84% or 132,601 shares. Teacher Retirement Of Texas reported 6,064 shares or 0% of all its holdings.
Another recent and important Fossil Group Inc (NASDAQ:FOSL) news was published by Valuewalk.com which published an article titled: “My Investment Thesis On Fossil Group Inc (FOSL)” on October 03, 2016.
FOSL Company Profile
Fossil Group, Inc., incorporated on December 26, 1991, is a design, marketing and distribution firm that specializes in consumer fashion accessories. The Company’s divisions are 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. The Americas segment includes sales to clients based in Canada, Latin America and the United States. The Europe segment includes sales to clients based in European countries, the Middle East and Africa. The Asia segment includes sales to clients based in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. The Company’s principal offerings include a line of men’s and women’s fashion watches and jewelry, handbags, small leather goods, belts, sunglasses and soft accessories. The Firm products are distributed through various distribution channels, including wholesale in countries where it has a physical presence, direct to the consumer (D2C) through its retail stores and commercial Websites and through third-party distributors in countries where it do not maintain a physical presence.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.