Price Action Don’t Lie: What’s Next for Fossil Group Inc After Today’s Big Increase?

Price Action Don't Lie: What's Next for Fossil Group Inc After Today's Big Increase?

The stock of Fossil Group Inc (NASDAQ:FOSL) is a huge mover today! About 861,470 shares traded hands or 1.93% up from the average. Fossil Group Inc (NASDAQ:FOSL) has declined 20.69% since April 14, 2016 and is downtrending. It has underperformed by 25.38% the S&P500.
The move comes after 7 months positive chart setup for the $1.66B company. It was reported on Nov, 16 by Barchart.com. We have $59.59 PT which if reached, will make NASDAQ:FOSL worth $1.15 billion more.

Fossil Group Inc (NASDAQ:FOSL) Ratings Coverage

Out of 16 analysts covering Fossil (NASDAQ:FOSL), 3 rate it a “Buy”, 5 “Sell”, while 8 “Hold”. This means 19% are positive. Fossil has been the topic of 33 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Mizuho maintained Fossil Group Inc (NASDAQ:FOSL) on Friday, November 4 with “Neutral” rating. Nomura maintained the stock with “Neutral” rating in Friday, November 13 report. S&P Research maintained the stock with “Buy” rating in Thursday, August 13 report. The rating was maintained by Macquarie Research with “Neutral” on Wednesday, August 12. The firm has “Market Perform” rating given on Friday, November 4 by Telsey Advisory Group. The rating was maintained by Piper Jaffray on Monday, October 5 with “Underweight”. The stock has “Neutral” rating given by Mizuho on Friday, February 12. The stock of Fossil Group Inc (NASDAQ:FOSL) earned “Perform” rating by Oppenheimer on Wednesday, August 12. The rating was maintained by Mizuho on Wednesday, May 11 with “Neutral”. The rating was upgraded by KeyBanc Capital Markets on Thursday, August 20 to “Sector Weight”.

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 Q2 2016. Its up 0.05, from 0.79 in 2016Q1. The ratio is positive, 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.
Metropolitan Life New York reported 68,229 shares or 0.01% of all its holdings. Morgan Stanley has 70,964 shares for 0% of their US portfolio. Springbok Capital Mgmt Limited Liability Com last reported 800 shares in the company. Mutual Of America Ltd Company reported 29,540 shares or 0.02% of all its holdings. Swiss State Bank has invested 0% of its portfolio in Fossil Group Inc (NASDAQ:FOSL). Gotham Asset Mgmt Limited Liability Corp holds 564,208 shares or 0.19% of its portfolio. Irving Magee Investment Management last reported 132,601 shares in the company. Comml Bank Of America De accumulated 70,333 shares or 0% of the stock. Teachers Advsr Incorporated holds 0% or 66,558 shares in its portfolio. Bluemountain Cap Mngmt Limited Liability Company holds 0% or 2,611 shares in its portfolio. Alps last reported 8,484 shares in the company. Citigroup accumulated 0% or 32,295 shares. Barclays Public Limited Com holds 0% or 31,499 shares in its portfolio. Jane Street Grp Inc reported 131,023 shares or 0.02% of all its holdings. The Minnesota-based Ameriprise Finance has invested 0% in Fossil Group Inc (NASDAQ:FOSL).

Insider Transactions: Since November 10, 2016, the stock had 0 insider buys, and 1 sale for $77,354 net activity. $77,354 worth of shares were sold by Agather Elaine B on Thursday, November 10.

More recent Fossil Group Inc (NASDAQ:FOSL) news were published by: Seekingalpha.com which released: “Fossil Group: This Growth Company Is Trading Very Cheaply” on November 11, 2016. Also Investorplace.com published the news titled: “Fossil Group Inc Earnings: 5 Things to Know” on November 04, 2016. Globenewswire.com‘s news article titled: “Fossil Group, Inc. to Hold Third Quarter Fiscal 2016 Earnings Conference Call …” with publication date: October 24, 2016 was also an interesting one.

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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