Factors to Note Before Buying Fossil Group, Inc. (FOSL)

Virginia Carter
June 19, 2017

ValuEngine downgraded shares of Fossil Group, Inc. Hedge funds and other institutional investors own 97.21% of the company's stock. Boothbay Fund Management LLC acquired a new position in shares of Fossil Group during the fourth quarter worth $212,000. Macquarie Research maintained the shares of FOSL in report on Wednesday, August 12 with "Neutral" rating. Seven Eight Capital LP bought a new stake in Fossil Group during the fourth quarter worth $109,000. Fossil Group earned a daily sentiment score of 0.31 on AlphaOne's scale. Sather Financial Group Inc increased its position in shares of Fossil Group by 1.0% in the first quarter. BlackRock Investment Management LLC boosted its stake in shares of Fossil Group by 0.3% in the third quarter. Finally, Nisa Investment Advisors LLC increased its position in Fossil Group by 21.2% in the first quarter. Thompson Siegel & Walmsley LLC now owns 1,929,377 shares of the textile maker's stock worth $49,894,000 after buying an additional 548,901 shares in the last quarter.

Consequently Fossil Group Cmn Stk (NASDAQ:FOSL)'s weekly and monthly volatility is 5.43%, 4.34% respectively. Fossil Group, Inc. has a 12-month low of $9.23 and a 12-month high of $36.87. The stock's 50-day moving average is $13.09 and its 200-day moving average is $20.27. The firm has a market cap of $450.72 million, a price-to-earnings ratio of 18.24 and a beta of 0.74.

Fossil Group (NASDAQ:FOSL) last released its earnings results on Tuesday, May 9th. (FOSL) is $14.91/share according to the consensus of analysts working on the stock, with an expected EPS of $-0.44/share for the current quarter. Fossil Group had a net margin of 0.84% and a return on equity of 7.59%. The company had revenue of $582 million for the quarter, compared to analyst estimates of $590.51 million. During the same period a year ago, the business posted $0.12 EPS. It's been two years since the Apple Watch hit the market and disrupted the fashion watch business that Fossil has dominated for years with its own brands that include Michele luxury watches and licensed brands Michael Kors, Kate Spade and Tory Burch. Fossil Group, Inc. (FOSL) earnings have declined with an annualized rate of -18.7% over the last 5 years.

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What are top analysts saying about Fossil Group Inc. "(FOSL) Given Average Rating of "Hold" by Analysts" was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another domain, it was stolen and reposted in violation of USA and worldwide copyright and trademark law. The original version of this piece can be read at https://www.chaffeybreeze.com/2017/06/16/fossil-group-inc-fosl-shares-sold-by-piermont-capital-management-inc-updated-updated.html. The firm now has a sell rating on the textile maker's stock. Piper Jaffray Companies reissued a "neutral" rating and issued a $18.00 price objective (down from $32.00) on shares of Fossil Group in a research report on Thursday, February 16th. The stock of Fossil Group Inc (NASDAQ:FOSL) earned "Neutral" rating by Mizuho on Wednesday, May 11. Zacks Investment Research raised shares of Fossil Group from a "strong sell" rating to a "hold" rating in a research report on Monday, May 8th. Fossil Group presently has an average rating of Hold and an average price target of $20.39.

Wells Fargo & Company set a $12.00 target price on Fossil Group, Inc. Four analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have given a buy recommendation to the company. There are brokerage firms with lower targets than the average, including one setting a price target of $8.

In related news, Chairman Kosta N. Kartsotis sold 520,281 shares of the company's stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $10.71, for a total value of $5,572,209.51. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Kosta N. Kartsotis, Chairman let go of $5,567,007 worth of shares at a price of $10.70 on Friday the 9th. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. The disclosure for this sale can be found here. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume.

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