Stocks of Fossil Group Inc. (NASDAQ:FOSL) traded higher last session on Wall Street, down -3.06% to $4.12.
According to the data, Fossil Group Inc. (NASDAQ:FOSL) has 1 analysts covering its stock. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $2.50 and a low of $2.50, we find $2.50. Given the previous closing price of $4.25, this indicates a potential downside of -41.18 percent. FOSL stock price is now -15.36% away from the 50-day moving average and -17.43% away from the 200-day moving average. The market capitalization of the company currently stands at $207.98M.
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Brokers who have rated the stock have averaged $2.50 as their price target over the next twelve months.
With the price target reduced from $7 to $5, Telsey Advisory Group maintained Market Perform rating for Fossil Group Inc. (NASDAQ: FOSL)., while ‘Telsey Advisory Group’ rates the stock as ‘Market Perform’.
In other news, KARTSOTIS KOSTA N, Chairman of the Board & CEO sold 10,000 shares of the company’s stock on May 26. The stock was sold for $70,600 at an average price of $7.06. Upon completion of the transaction, the Chairman of the Board & CEO now directly owns 3,215,837 shares in the company, valued at $13.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17, Director NEAL DIANE L sold 34,427 shares of the business’s stock. A total of $258,547 was realized by selling the stock at an average price of $7.51. This leaves the insider owning 16,469 shares of the company worth $67852.28. Insiders disposed of 212,322 shares of company stock worth roughly $0.87 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FOSL stock. A new stake in Fossil Group Inc. shares was purchased by NORGES BANK during the first quarter worth $1,770,000. FUND 1 INVESTMENTS, LLC invested $1,177,000 in shares of FOSL during the first quarter. In the first quarter, PINZ CAPITAL MANAGEMENT, LP acquired a new stake in Fossil Group Inc. valued at approximately $513,000. ARISTIDES CAPITAL LLC acquired a new stake in FOSL for approximately $208,000. METLIFE INVESTMENT MANAGEMENT, LLC purchased a new stake in FOSL valued at around $104,000 in the second quarter. In total, there are 170 active investors with 72.90% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $4.2500 for Fossil Group Inc. (NASDAQ: FOSL). During the past 12 months, Fossil Group Inc. has had a low of $3.24 and a high of $14.58. As of last week, the company has a debt-to-equity ratio of 0.75, a current ratio of 2.40, and a quick ratio of 1.30. The fifty day moving average price for FOSL is $4.8708 and a two-hundred day moving average price translates $4.9756 for the stock.
The latest earnings results from Fossil Group Inc. (NASDAQ: FOSL) was released for Sep, 2022. According to the Luxury Goods Company, earnings per share came in at -$0.23, beating analysts’ expectations of -$1.71 by 1.48. This compares to $0.61 EPS in the same period last year. The net profit margin was -0.80% and return on equity was -3.60% for FOSL. The company reported revenue of $436.27 million for the quarter, compared to $491.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.3 percent. For the current quarter, analysts expect FOSL to generate $435.5M in revenue.
Fossil Group Inc.(FOSL) Company Profile
Fossil Group, Inc., together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company’s products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses. It also manufactures and distributes private label brands, as well as purchases and resells branded products in non-FOSSIL branded retail stores. The company offers its products under its proprietary brands, such as FOSSIL, SKAGEN, MICHELE, RELIC, and ZODIAC; and under the licensed brands, including ARMANI EXCHANGE, DIESEL, DKNY, EMPORIO ARMANI, KATE SPADE NEW YORK, MICHAEL KORS, PUMA, TORY BURCH, Skechers, and BMW. The company sells its products through company-owned retail and outlet stores, department stores, specialty retail stores, specialty watch and jewelry stores, mass market stores, e-commerce sites, licensed and franchised FOSSIL retail stores, and retail concessions, as well as sells its products on airlines and cruise ships. As of January 2, 2022, it operated 370 stores worldwide. The company was formerly known as Fossil, Inc. and changed its name to Fossil Group, Inc. in May 2013. Fossil Group, Inc. was founded in 1984 and is headquartered in Richardson, Texas.
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