The stock of Fossil Group Inc (NASDAQ:FOSL) is a huge mover today! About 438,535 shares traded hands. Fossil Group Inc (NASDAQ:FOSL) has declined 42.09% since March 1, 2016 and is downtrending. It has underperformed by 51.34% the S&P500.
The move comes after 5 months positive chart setup for the $1.32 billion company. It was reported on Oct, 4 by Barchart.com. We have $33.88 PT which if reached, will make NASDAQ:FOSL worth $290.40M more.
Analysts await Fossil Group Inc (NASDAQ:FOSL) to report earnings on November, 10. They expect $0.29 EPS, down 75.63% or $0.90 from last year’s $1.19 per share. FOSL’s profit will be $13.78 million for 23.94 P/E if the $0.29 EPS becomes a reality. After $0.12 actual EPS reported by Fossil Group Inc for the previous quarter, Wall Street now forecasts 141.67% EPS growth.
Fossil Group Inc (NASDAQ:FOSL) Ratings Coverage
Out of 15 analysts covering Fossil (NASDAQ:FOSL), 3 rate it a “Buy”, 4 “Sell”, while 8 “Hold”. This means 20% are positive. Fossil has been the topic of 30 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Bank of America maintained the stock with “Underperform” rating in Friday, November 13 report. The stock has “Market Perform” rating given by Telsey Advisory Group on Wednesday, May 11. The firm earned “Neutral” rating on Wednesday, May 11 by Mizuho. Oppenheimer maintained it with “Perform” rating and $70 target price in Wednesday, August 12 report. The stock of Fossil Group Inc (NASDAQ:FOSL) earned “Neutral” rating by Nomura on Wednesday, August 10. The stock of Fossil Group Inc (NASDAQ:FOSL) has “Underweight” rating given on Monday, October 5 by Piper Jaffray. The stock of Fossil Group Inc (NASDAQ:FOSL) has “Buy” rating given on Thursday, August 13 by S&P Research. On Monday, January 4 the stock rating was downgraded by Jefferies to “Hold”. Telsey Advisory Group maintained Fossil Group Inc (NASDAQ:FOSL) on Friday, August 7 with “Market Perform” rating. Telsey Advisory Group maintained the shares of FOSL in a report on Friday, November 13 with “Market Perform” rating.
According to Zacks Investment Research, “Fossil Group, Inc. is involved in designing, marketing and distribution of consumer fashion accessories. The Company’s product portfolio include men’s and women’s watches, handbags, belts, small leather goods, jewellery, sunglasses, hats, gloves and scarves, jeans, outerwear, fashion tops and bottoms, tee shirts as well as optical frames. Its brands include MICHELE, Zodiac, Relic, Emporio Armani, DKNY, Armani Exchange, Michael Kors, Diesel, Burberry, Marc by Marc Jacobs, Adidas, Skagen Denmark, and Karl Lagerfeld. The Company operates in four different segments: the North America Wholesale segment, the Europe Wholesale segment, Asia Pacific Wholesale segment and the Direct to Consumer segment. It serves market through department stores, specialty retail stores, specialty watch and jewellery stores, retail and outlet stores, mass market stores, clothing stores as well as through its catalogs and Website. Fossil Group Inc., formerly known as Fossil, Inc. is based in Richardson, Texas.”
Insitutional Activity: The institutional sentiment increased to 0.84 in 2016 Q2. Its up 0.05, from 0.79 in 2016Q1. The ratio improved, as 61 funds sold all Fossil Group Inc shares owned while 55 reduced positions. 24 funds bought stakes while 73 increased positions. They now own 45.71 million shares or 1.74% less from 46.52 million shares in 2016Q1.
Amp Cap Investors Ltd accumulated 15,661 shares or 0% of the stock. Mutual Of America Cap Ltd Com, a New York-based fund reported 29,540 shares. Northern Trust Corp holds 0.01% or 753,191 shares in its portfolio. Proshare Lc last reported 8,946 shares in the company. Rhumbline Advisers last reported 0.01% of its portfolio in the stock. The Colorado-based Employees Retirement Association Of Colorado has invested 0% in Fossil Group Inc (NASDAQ:FOSL). Arizona State Retirement Systems has 16,200 shares for 0.01% of their US portfolio. Qs Investors Limited Liability Com has 0% invested in the company for 18 shares. Voya Limited Liability Corp has invested 0% of its portfolio in Fossil Group Inc (NASDAQ:FOSL). Lingohr And Partner Asset Mgmt Gmbh reported 14,849 shares or 0.43% of all its holdings. The Tennessee-based Ftb Advsr has invested 0% in Fossil Group Inc (NASDAQ:FOSL). Tiaa Cref Mgmt Llc holds 0% or 129,637 shares in its portfolio. Canada Pension Plan Invest Board holds 313,196 shares or 0.04% of its portfolio. The Sweden-based Nordea Mgmt has invested 0% in Fossil Group Inc (NASDAQ:FOSL). Dimensional Fund Advisors Lp owns 552,431 shares or 0.01% of their US portfolio.
More notable recent Fossil Group Inc (NASDAQ:FOSL) news were published by: Nasdaq.com which released: “Commit To Purchase Fossil Group At $17.50, Earn 7.4% Using Options” on October 03, 2016, also Fool.com with their article: “Why Fossil Group Inc. Stock Plunged Today” published on May 11, 2016, Fool.com published: “Troubled Waters for Fossil Group Inc.” on May 24, 2016. More interesting news about Fossil Group Inc (NASDAQ:FOSL) were released by: Prnewswire.com and their article: “Fossil Group to Launch Wearables for Eight Brands and in 40 Countries in 2016” published on March 15, 2016 as well as Fool.com‘s news article titled: “Fossil Group Inc. and Garmin Ltd. Jump as Stocks Rally” with publication date: February 17, 2016.
FOSL Company Profile
Fossil Group, Inc., incorporated on December 26, 1991, is a design, marketing and distribution firm that specializes in consumer fashion accessories. The Company’s divisions are 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. The Americas segment includes sales to clients based in Canada, Latin America and the United States. The Europe segment includes sales to clients based in European countries, the Middle East and Africa. The Asia segment includes sales to clients based in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. The Company’s principal offerings include a line of men’s and women’s fashion watches and jewelry, handbags, small leather goods, belts, sunglasses and soft accessories. The Firm products are distributed through various distribution channels, including wholesale in countries where it has a physical presence, direct to the consumer (D2C) through its retail stores and commercial Websites and through third-party distributors in countries where it do not maintain a physical presence.
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