Fossil Group (NASDAQ:FOSL) Sets New 12-Month High Following Earnings Beat

Fossil Group, Inc. (NASDAQ:FOSL)’s share price reached a new 52-week high on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $9.93 and last traded at $9.9860, with a volume of 177,080 shares traded. The stock had previously closed at $7.87.

The accessories brand company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.23. The business had revenue of $271.20 million for the quarter, compared to analysts’ expectations of $248.66 million. Fossil Group had a negative return on equity of 59.76% and a negative net margin of 7.09%. During the same period last year, the firm earned ($0.76) earnings per share.

Fossil Group News Roundup

Here are the key news stories impacting Fossil Group this week:

• Positive Sentiment: Fossil reported third-quarter revenue of $271 million, up 0.4% year over year (2.0% at constant currency) and ahead of analysts’ expectations of about $249 million. Earnings were $0.19 per share, beating estimates, and the company swung to a profit from a loss a year earlier. Fossil Group third-quarter 2026 financial results
• Positive Sentiment: Management said the turnaround is ahead of plan, and Fossil raised its fiscal 2026 sales guidance. The return to sales growth after four years of declines may strengthen confidence in the recovery, though execution remains important. Fossil shares and raised sales guidance Fossil CEO on turnaround progress
• Neutral Sentiment: Fossil extended its global Diesel licensing agreement for five years and renewed its partnership with Nick Jonas for two watch collections. These deals support the brand portfolio, but the reports provide no financial estimates for their impact. Diesel licensing extension Nick Jonas partnership extension

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FOSL. Northland Securities set a $8.00 target price on Fossil Group in a research note on Thursday, August 13th. Craig Hallum initiated coverage on Fossil Group in a report on Thursday, September 10th. They issued a “buy” rating and a $12.00 price target on the stock. Lake Street Capital started coverage on Fossil Group in a research note on Wednesday, October 7th. They issued a “buy” rating and a $10.00 price target for the company. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fossil Group in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.25.

Insider Activity at Fossil Group

In other news, Director Pamela J. Edwards acquired 7,208 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was purchased at an average price of $5.58 per share, for a total transaction of $40,220.64. Following the completion of the transaction, the director directly owned 50,251 shares in the company, valued at approximately $280,400.58. This trade represents a 16.75% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fossil Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FOSL. Nantahala Capital Management LLC purchased a new position in Fossil Group during the 2nd quarter valued at approximately $22,791,230. BlackRock Inc. purchased a new stake in shares of Fossil Group during the 2nd quarter worth approximately $15,263,000. Miller Value Partners LLC bought a new position in shares of Fossil Group during the 2nd quarter valued at approximately $8,874,000. Fund 1 Investments LLC bought a new position in shares of Fossil Group during the 2nd quarter valued at approximately $2,223,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Fossil Group during the 2nd quarter valued at approximately $1,053,000. 61.14% of the stock is owned by institutional investors.

Fossil Group Stock Performance

The business’s fifty day moving average is $6.37 and its two-hundred day moving average is $4.95. The company has a quick ratio of 1.05, a current ratio of 1.76 and a debt-to-equity ratio of 2.74. The stock has a market capitalization of $589.39 million, a PE ratio of -8.10 and a beta of 1.61.

About Fossil Group

Fossil Group, Inc. is a global design, sourcing, marketing and distribution company focused primarily on watches and accessories. Its products include traditional watches, jewelry, handbags, small leather goods and other fashion accessories sold through company-operated and third-party retail stores, e-commerce channels and wholesale partners. The company markets products under its Fossil, Skagen, Michele and Relic brands, as well as through various licensed brand relationships. Fossil Group was founded in 1984 and is headquartered in Richardson, Texas.