Zacks Research Upgrades Fossil Group (NASDAQ:FOSL) to Strong-Buy

Fossil Group (NASDAQ:FOSL) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday, Zacks reports.

FOSL has been the subject of several other research reports. Craig Hallum began coverage on Fossil Group in a report on Thursday, September 10th. They set a “buy” rating and a $12.00 price objective for the company. Northland Securities set a $8.00 target price on Fossil Group in a report on Thursday, August 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fossil Group in a report on Thursday, October 15th. Finally, Lake Street Capital assumed coverage on shares of Fossil Group in a research report on Wednesday, October 7th. They issued a “buy” rating and a $10.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Fossil Group has a consensus rating of “Buy” and a consensus price target of $9.25.

Fossil Group Price Performance

Fossil Group stock opened at $8.74 on Wednesday. The stock has a market capitalization of $516.88 million, a price-to-earnings ratio of -26.48 and a beta of 1.61. Fossil Group has a 52-week low of $1.70 and a 52-week high of $10.55. The stock’s 50 day moving average price is $6.55 and its two-hundred day moving average price is $5.01. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.05 and a current ratio of 1.73.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Tuesday, November 10th. The accessories brand company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.23. Fossil Group had a negative net margin of 1.86% and a negative return on equity of 7.76%. The firm had revenue of $271.20 million during the quarter, compared to the consensus estimate of $248.66 million. During the same period in the previous year, the firm posted ($0.76) earnings per share. On average, equities analysts predict that Fossil Group will post -0.04 earnings per share for the current year.

Insider Transactions at Fossil Group

In other news, Director Pamela J. Edwards acquired 7,208 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were purchased at an average cost of $5.58 per share, with a total value of $40,220.64. Following the acquisition, the director directly owned 50,251 shares of the company’s stock, valued at $280,400.58. The trade was a 16.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FOSL. Russell Investments Group Ltd. grew its holdings in shares of Fossil Group by 10.3% in the third quarter. Russell Investments Group Ltd. now owns 52,238 shares of the accessories brand company’s stock valued at $343,000 after acquiring an additional 4,899 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Fossil Group by 132.1% during the second quarter. Headlands Technologies LLC now owns 55,214 shares of the accessories brand company’s stock valued at $229,000 after acquiring an additional 31,422 shares during the last quarter. Nantahala Capital Management LLC bought a new stake in Fossil Group during the second quarter worth $22,791,230. Empowered Funds LLC bought a new stake in Fossil Group during the second quarter worth $558,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Fossil Group during the second quarter worth $34,000. 61.14% of the stock is owned by institutional investors.

Recent Fossil Group Headlines

Investors following FOSL have been watching these headlines:

• Positive Sentiment: Fossil reported third-quarter profit of $0.19 per share on $271.2 million in revenue, beating analyst expectations, and marked its first sales growth in four years. It also raised its 2026 revenue outlook to $980 million–$990 million, above the cited consensus estimate of $965.2 million. Zacks report on Fossil’s Q3 results
• Positive Sentiment: Craig-Hallum maintained its Buy rating on FOSL, adding to the supportive analyst view following the results. Craig-Hallum rating report
• Negative Sentiment: A Seeking Alpha analysis says the strong results may already be reflected in the stock after its substantial post-earnings rally, maintaining a Hold view. That valuation concern, alongside Fossil’s debt burden and the need to convert elevated inventory into holiday-season sales and cash, could limit further gains. Seeking Alpha analysis of Fossil’s Q3 results

About Fossil Group

Fossil Group designs, develops, markets and distributes fashion accessories, including watches, handbags, small leather goods, jewelry and other accessories. Its products are sold under company-owned brands such as Fossil, Skagen, Michele and Zodiac, as well as through licensing agreements with third-party brands. Founded in 1984, the company has built its business around combining watchmaking with fashion-oriented design. It serves customers internationally through wholesale partners, retail stores and online channels.