Brokerages Set Fossil Group Inc (FOSL) Target Price at $13.88


Fossil Group Inc (NASDAQ:FOSL) has received an average rating of “Hold” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $13.88.


Several analysts have recently commented on the stock. ValuEngine upgraded shares of Fossil Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday. KeyCorp increased their price target on shares of Fossil Group from $25.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, June 4th. Zacks Investment Research upgraded shares of Fossil Group from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Monday, May 21st. Finally, BidaskClub upgraded shares of Fossil Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 12th.


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Several hedge funds have recently added to or reduced their stakes in FOSL. New York State Common Retirement Fund boosted its position in Fossil Group by 10.1% during the first quarter. New York State Common Retirement Fund now owns 47,800 shares of the accessories brand company’s stock worth $607,000 after acquiring an additional 4,400 shares during the last quarter. Swiss National Bank boosted its position in Fossil Group by 6.9% during the first quarter. Swiss National Bank now owns 76,041 shares of the accessories brand company’s stock worth $966,000 after acquiring an additional 4,900 shares during the last quarter. Teachers Advisors LLC boosted its position in Fossil Group by 4.1% during the fourth quarter. Teachers Advisors LLC now owns 134,176 shares of the accessories brand company’s stock worth $1,043,000 after acquiring an additional 5,308 shares during the last quarter. California State Teachers Retirement System boosted its position in Fossil Group by 6.6% during the fourth quarter. California State Teachers Retirement System now owns 88,455 shares of the accessories brand company’s stock worth $687,000 after acquiring an additional 5,480 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in Fossil Group by 4.9% during the fourth quarter. Guggenheim Capital LLC now owns 134,193 shares of the accessories brand company’s stock worth $1,041,000 after acquiring an additional 6,266 shares during the last quarter. Institutional investors and hedge funds own 94.01% of the company’s stock.


Fossil Group traded up $0.25, hitting $28.65, on Monday, according to MarketBeat.com. 1,779,953 shares of the company were exchanged, compared to its average volume of 2,701,557. The company has a current ratio of 2.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.64. Fossil Group has a fifty-two week low of $5.50 and a fifty-two week high of $29.08. The firm has a market capitalization of $1.40 billion and a P/E ratio of 573.00.

Fossil Group (NASDAQ:FOSL) last issued its earnings results on Tuesday, May 8th. The accessories brand company reported ($0.99) earnings per share for the quarter, missing the consensus estimate of ($0.96) by ($0.03). Fossil Group had a negative return on equity of 4.36% and a negative net margin of 17.23%. The company had revenue of $569.20 million for the quarter, compared to analyst estimates of $539.08 million. During the same quarter in the previous year, the company posted ($1.00) earnings per share. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. analysts predict that Fossil Group will post 0.27 EPS for the current year.


About Fossil Group

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.

Analyst Recommendations for Fossil Group (NASDAQ:FOSL)

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