Q4 2017 EPS Estimates for Fossil Group, Inc. (FOSL) Reduced by Analyst

Fossil Group, Inc. (NASDAQ:FOSL) – Stock analysts at Jefferies Group lowered their Q4 2017 earnings per share (EPS) estimates for Fossil Group in a research note issued to investors on Tuesday. Jefferies Group analyst R. Konik now anticipates that the accessories brand company will post earnings of $0.34 per share for the quarter, down from their prior estimate of $0.35.

Other analysts have also recently issued research reports about the company. Zacks Investment Research raised Fossil Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Piper Jaffray Companies set a $10.00 price objective on Fossil Group and gave the stock a “hold” rating in a report on Thursday, October 12th. ValuEngine cut Fossil Group from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Buckingham Research dropped their price objective on Fossil Group from $9.00 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, November 8th. Finally, Bank of America dropped their price objective on Fossil Group from $7.00 to $4.00 and set an “underperform” rating on the stock in a report on Wednesday, November 8th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.54.

Shares of Fossil Group (NASDAQ FOSL) opened at $6.47 on Wednesday. The stock has a market capitalization of $336.30, a PE ratio of 8.45 and a beta of 0.74. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.09 and a current ratio of 2.32. Fossil Group has a 1-year low of $5.50 and a 1-year high of $32.97.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings data on Tuesday, November 7th. The accessories brand company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.32. The business had revenue of $689.00 million for the quarter, compared to analysts’ expectations of $649.87 million. Fossil Group had a positive return on equity of 4.75% and a negative net margin of 12.33%. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 EPS.

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its position in shares of Fossil Group by 27.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 47,000 shares of the accessories brand company’s stock valued at $439,000 after purchasing an additional 10,000 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Fossil Group by 648.1% during the 3rd quarter. GSA Capital Partners LLP now owns 86,699 shares of the accessories brand company’s stock valued at $809,000 after purchasing an additional 75,110 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Fossil Group by 42.9% during the 3rd quarter. California Public Employees Retirement System now owns 415,119 shares of the accessories brand company’s stock valued at $3,873,000 after purchasing an additional 124,619 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of Fossil Group by 177.5% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 548,529 shares of the accessories brand company’s stock valued at $5,118,000 after purchasing an additional 350,865 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Fossil Group by 167.9% during the 3rd quarter. KBC Group NV now owns 13,441 shares of the accessories brand company’s stock valued at $125,000 after purchasing an additional 8,424 shares during the last quarter. Hedge funds and other institutional investors own 92.72% of the company’s stock.

In other news, EVP Martin Frey acquired 7,500 shares of Fossil Group stock in a transaction dated Wednesday, November 22nd. The shares were purchased at an average cost of $7.41 per share, for a total transaction of $55,575.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Gregory A. Mckelvey acquired 110,000 shares of Fossil Group stock in a transaction dated Friday, November 10th. The shares were purchased at an average price of $6.22 per share, for a total transaction of $684,200.00. The disclosure for this purchase can be found here. Company insiders own 12.80% of the company’s stock.

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About Fossil Group

Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity.

Earnings History and Estimates for Fossil Group (NASDAQ:FOSL)

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