Equities analysts expect Fossil Group Inc (NASDAQ:FOSL) to post $0.38 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Fossil Group’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.45. Fossil Group posted earnings of $1.36 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 72.1%. The business is expected to announce its next quarterly earnings results on Tuesday, February 13th.

According to Zacks, analysts expect that Fossil Group will report full-year earnings of ($0.38) per share for the current year, with EPS estimates ranging from ($0.70) to ($0.17). For the next year, analysts expect that the firm will post earnings of ($0.10) per share, with EPS estimates ranging from ($0.50) to $0.49. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Fossil Group.

Fossil Group (NASDAQ:FOSL) last announced its earnings results on Tuesday, November 7th. The accessories brand company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.32. The company had revenue of $689.00 million during the quarter, compared to analyst estimates of $649.87 million. Fossil Group had a negative net margin of 12.33% and a positive return on equity of 4.75%. Fossil Group’s revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share.

Several research analysts have weighed in on the stock. BidaskClub lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a research note on Friday. ValuEngine lowered shares of Fossil Group from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a research note on Friday. Bank of America lowered 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 note on Wednesday, November 8th. Finally, Piper Jaffray Companies set a $10.00 price objective on shares of Fossil Group and gave the company a “hold” rating in a research note on Thursday, October 12th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $11.27.

In other news, EVP Martin Frey purchased 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was bought at an average price of $7.41 per share, for a total transaction of $55,575.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gregory A. Mckelvey purchased 110,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $6.22 per share, with a total value of $684,200.00. The disclosure for this purchase can be found here. Company insiders own 12.80% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Shell Asset Management Co. purchased a new position in Fossil Group in the third quarter worth approximately $652,000. GSA Capital Partners LLP purchased a new position in Fossil Group in the second quarter worth approximately $120,000. BlueCrest Capital Management Ltd purchased a new position in Fossil Group in the second quarter worth approximately $130,000. KBC Group NV lifted its stake in Fossil Group by 167.9% in the third quarter. KBC Group NV now owns 13,441 shares of the accessories brand company’s stock worth $125,000 after acquiring an additional 8,424 shares during the last quarter. Finally, Unison Advisors LLC purchased a new position in Fossil Group in the fourth quarter worth approximately $107,000. Institutional investors own 92.25% of the company’s stock.

Fossil Group (FOSL) opened at $7.48 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.09 and a current ratio of 2.32. The firm has a market cap of $377.06, a PE ratio of -1.04 and a beta of 0.65. Fossil Group has a 12 month low of $5.50 and a 12 month high of $26.01.

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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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