Notable Runner: What’s Next for Fossil Group Inc After Today’s Significant Increase?

Notable Runner: What's Next for Fossil Group Inc After Today's Significant Increase?

The stock of Fossil Group Inc (NASDAQ:FOSL) is a huge mover today! About 893,297 shares traded hands or 17.01% up from the average. Fossil Group Inc (NASDAQ:FOSL) has declined 27.09% since April 8, 2016 and is downtrending. It has underperformed by 32.74% the S&P500.
The move comes after 9 months positive chart setup for the $1.50B company. It was reported on Nov, 10 by Barchart.com. We have $38.37 PT which if reached, will make NASDAQ:FOSL worth $405.00 million more.

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 33 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was maintained by Telsey Advisory Group on Friday, August 7 with “Market Perform”. On Friday, November 13 the stock rating was maintained by Bank of America with “Underperform”. Topeka Capital Markets maintained Fossil Group Inc (NASDAQ:FOSL) on Wednesday, May 11 with “Buy” rating. The stock has “Neutral” rating given by Mizuho on Wednesday, May 11. The firm earned “Market Perform” rating on Thursday, October 22 by Wells Fargo. The stock of Fossil Group Inc (NASDAQ:FOSL) has “Underperform” rating given on Wednesday, March 16 by Macquarie Research. Topeka Capital Markets maintained it with “Buy” rating and $60 target price in Monday, November 16 report. The stock of Fossil Group Inc (NASDAQ:FOSL) has “Neutral” rating given on Friday, November 13 by Nomura. Macquarie Research maintained Fossil Group Inc (NASDAQ:FOSL) on Wednesday, August 12 with “Neutral” rating. Mizuho maintained Fossil Group Inc (NASDAQ:FOSL) on Friday, November 4 with “Neutral” rating.

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 2016 Q2. 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.
State Board Of Administration Of Florida Retirement Systems reported 22,489 shares or 0% of all its holdings. Sei Invs Co has invested 0% of its portfolio in Fossil Group Inc (NASDAQ:FOSL). Credit Suisse Ag holds 95,150 shares or 0% of its portfolio. Moreover, Huntington Bank has 0% invested in Fossil Group Inc (NASDAQ:FOSL) for 1,406 shares. Moreover, Cubist Systematic Strategies Limited has 0.07% invested in Fossil Group Inc (NASDAQ:FOSL) for 44,047 shares. Ubs Oconnor Ltd Liability Corporation accumulated 473,396 shares or 0% of the stock. Lucus Advsrs Ltd holds 0.29% of its portfolio in Fossil Group Inc (NASDAQ:FOSL) for 12,245 shares. Cornerstone Ltd reported 48,300 shares or 0.01% of all its holdings. Weitz Inv Mgmt last reported 891,784 shares in the company. Fiera Capital owns 60,500 shares or 0.01% of their US portfolio. Canada Pension Plan Inv Board last reported 0.04% of its portfolio in the stock. Meeder Asset Mgmt has 0.04% invested in the company for 15,467 shares. Moreover, Advisory Ser Net Limited Liability Corporation has 0% invested in Fossil Group Inc (NASDAQ:FOSL) for 38 shares. Btim Corporation, a Massachusetts-based fund reported 310,814 shares. First Trust Limited Partnership owns 576,718 shares or 0.05% of their US portfolio.

More news for Fossil Group Inc (NASDAQ:FOSL) were recently published by: Investorplace.com, which released: “Fossil Group Inc Earnings: 5 Things to Know” on November 04, 2016. Reuters.com‘s article titled: “BRIEF-Fossil group inc. Q3 earnings per share $0.36” and published on November 03, 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.

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