The stock of Fossil Group Inc (NASDAQ:FOSL) hit a new 52-week low and has $23.40 target or 9.00% below today’s $25.71 share price. The 5 months bearish chart indicates high risk for the $1.19B company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $23.40 price target is reached, the company will be worth $107.10M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 640,707 shares traded hands. Fossil Group Inc (NASDAQ:FOSL) has declined 40.86% since March 31, 2016 and is downtrending. It has underperformed by 43.38% the S&P500.
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 $13.42M for 22.16 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. As per Wednesday, August 12, the company rating was maintained by Macquarie Research. The firm has “Neutral” rating given on Wednesday, September 30 by Mizuho. Nomura maintained Fossil Group Inc (NASDAQ:FOSL) on Wednesday, August 10 with “Neutral” rating. The stock of Fossil Group Inc (NASDAQ:FOSL) earned “Underperform” rating by Bank of America on Friday, November 13. The stock of Fossil Group Inc (NASDAQ:FOSL) has “Hold” rating given on Friday, August 14 by Nomura. Jefferies downgraded Fossil Group Inc (NASDAQ:FOSL) on Monday, January 4 to “Hold” rating. The firm earned “Buy” rating on Thursday, August 13 by S&P Research. As per Friday, November 13, the company rating was maintained by Nomura. Topeka Capital Markets maintained it with “Buy” rating and $44 target price in Wednesday, May 11 report. The rating was maintained by Mizuho with “Neutral” on Friday, February 12.
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 improved, 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.
New York State Teachers Retirement last reported 0.01% of its portfolio in the stock. The New York-based Goldman Sachs Inc has invested 0% in Fossil Group Inc (NASDAQ:FOSL). First Quadrant L P Ca holds 141,800 shares or 0.09% of its portfolio. Credit Suisse Ag reported 95,150 shares or 0% of all its holdings. Commerzbank Aktiengesellschaft Fi owns 21,676 shares or 0% of their US portfolio. Fiera Cap accumulated 0.01% or 60,500 shares. Piermont Capital Management, a Missouri-based fund reported 62,710 shares. Manufacturers Life The has 0% invested in the company for 83,961 shares. Ftb accumulated 0% or 744 shares. Moreover, Parametric Assocs Limited Liability Company has 0.01% invested in Fossil Group Inc (NASDAQ:FOSL) for 143,889 shares. Tocqueville Asset Mgmt Ltd Partnership has 15,250 shares for 0.01% of their US portfolio. Schroder Invest Mgmt Grp has 0.02% invested in the company for 287,361 shares. Metropolitan Life Ins Co Ny last reported 68,229 shares in the company. Teacher Retirement Sys Of Texas accumulated 6,064 shares or 0% of the stock. Texas Permanent School Fund, a Texas-based fund reported 31,636 shares.
More news for Fossil Group Inc (NASDAQ:FOSL) were recently published by: Valuewalk.com, which released: “My Investment Thesis On Fossil Group Inc (FOSL)” on October 03, 2016. Globenewswire.com‘s article titled: “Fossil Group, Inc. to Hold Third Quarter Fiscal 2016 Earnings Conference Call …” and published on October 24, 2016 is yet another important article.
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.