Fossil Group Inc (FOSL) VP John A. White Sells 16,303 Shares
Fossil Group Inc (NASDAQ:FOSL) VP John A. White sold 16,303 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $19.10, for a total transaction of $311,387.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of FOSL opened at $19.71 on Tuesday. Fossil Group Inc has a 1-year low of $6.26 and a 1-year high of $32.17. The stock has a market cap of $936.69 million, a price-to-earnings ratio of 1,894.00 and a beta of -0.10. The company has a quick ratio of 1.10, a current ratio of 2.01 and a debt-to-equity ratio of 0.51.
Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings results on Wednesday, November 7th. The accessories brand company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.29. Fossil Group had a negative net margin of 4.90% and a positive return on equity of 0.15%. The business had revenue of $609.00 million during the quarter, compared to analysts’ expectations of $616.30 million. During the same period last year, the business earned $0.03 earnings per share. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. As a group, equities research analysts predict that Fossil Group Inc will post 1.03 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on FOSL shares. BidaskClub upgraded shares of Fossil Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 30th. Zacks Investment Research upgraded shares of Fossil Group from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday, October 9th. ValuEngine upgraded shares of Fossil Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 1st. TheStreet upgraded shares of Fossil Group from a “d” rating to a “c-” rating in a research report on Wednesday, August 8th. Finally, KeyCorp raised their price objective on shares of Fossil Group from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $22.50.
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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