Shares of Fossil Group Inc (NASDAQ:FOSL) have been given an average rating of “Hold” by the nine ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $16.40.

Several research firms recently commented on FOSL. KeyCorp began coverage on shares of Fossil Group in a research report on Monday, July 9th. They set an “overweight” rating on the stock. Zacks Investment Research lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Telsey Advisory Group raised their price target on shares of Fossil Group from $16.00 to $27.00 and gave the company a “market perform” rating in a research report on Friday, August 3rd. ValuEngine upgraded shares of Fossil Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 7th. Finally, BidaskClub upgraded shares of Fossil Group from a “hold” rating to a “buy” rating in a research report on Friday, July 20th.

In other news, EVP Darren E. Hart sold 25,662 shares of Fossil Group stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $26.30, for a total value of $674,910.60. Following the sale, the executive vice president now owns 116,325 shares in the company, valued at $3,059,347.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gregory A. Mckelvey sold 26,138 shares of Fossil Group stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $26.00, for a total transaction of $679,588.00. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in FOSL. Investors Research Corp acquired a new stake in shares of Fossil Group in the first quarter valued at about $137,000. Aperio Group LLC acquired a new stake in shares of Fossil Group in the first quarter valued at about $200,000. Teza Capital Management LLC acquired a new stake in shares of Fossil Group in the first quarter valued at about $201,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Fossil Group in the second quarter valued at about $207,000. Finally, Royal Bank of Canada grew its position in shares of Fossil Group by 170.3% in the first quarter. Royal Bank of Canada now owns 16,660 shares of the accessories brand company’s stock valued at $212,000 after purchasing an additional 40,353 shares during the period. Institutional investors and hedge funds own 88.89% of the company’s stock.

Shares of NASDAQ:FOSL traded up $0.39 during midday trading on Wednesday, reaching $24.21. The company’s stock had a trading volume of 854,200 shares, compared to its average volume of 2,346,561. The firm has a market capitalization of $1.17 billion, a P/E ratio of 484.20 and a beta of -0.10. Fossil Group has a twelve month low of $5.50 and a twelve month high of $32.17. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.13.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings data on Tuesday, August 7th. The accessories brand company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.65. The firm had revenue of $576.60 million for the quarter, compared to analyst estimates of $571.95 million. Fossil Group had a negative net margin of 5.13% and a negative return on equity of 1.21%. equities analysts anticipate that Fossil Group will post 0.77 EPS for the current fiscal year.

Fossil Group Company Profile

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company's principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, and sunglasses. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ARMANI EXCHANGE, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.

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Analyst Recommendations for Fossil Group (NASDAQ:FOSL)

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