Does $9.63 justifies Fossil Group, Inc. (FOSL) shares?

Marco Green
June 26, 2017

Fossil Group, Inc. was upgraded to "neutral" by analysts at Buckingham Research. The company is scheduled to announce its next earnings results on Tuesday, August 8th. The firm's revenue was down 11.8% on a year-over-year basis.

Fossil Group Inc (NASDAQ:FOSL) institutional sentiment increased to 1.62 in Q4 2016.

Analysts on average have given a price target of $14.55 to Fossil Group, Inc. The textile maker reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by $0.14. "(FOSL) Given Underperform Rating at Wells Fargo & Company" was posted by Markets Daily and is the property of of Markets Daily. Jefferies Group LLC set a $19.00 price objective on shares of Fossil Group and gave the stock a "hold" rating in a report on Thursday, March 16th. The company's stock has a normal trading capacity of 1.91M shares while the relative volume is 1.07. (FOSL) is -0.35 while the analysts predicted the EPS of the stock to be -0.44 suggesting the company fell short of the analysts' expectations. Equities analysts anticipate that Fossil Group will post $0.84 EPS for the current year. Nomura reissued a "hold" rating and issued a $13.00 price target on shares of Fossil Group in a report on Friday, May 12th.

The volume of the particular stock is the shares bought and sold in a single trading day. For the current year the company's revenue estimates are $2.88 Billion compared to low analyst estimates of $2.77 Billion and high estimates of $2.96 Billion according to 12 number of analysts. The firm has a market capitalization of $466.71 million, a PE ratio of 18.88 and a beta of 0.74.

Over the past 50 days, Fossil Group, Inc. stock's -46.26% off of the high and 10.36% removed from the low. (NASDAQ:FOSL) will report earnings per share (EPS) of ($0.35) for the current fiscal quarter, Zacks Investment Research reports. The company's current price-earnings ratio amounts to 18.28 times earnings, below the average P/E ratio of 26.36 times earnings.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings data on Tuesday, May 9th. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Kosta N. Kartsotis sold 520,281 shares of the stock in a transaction dated Friday, June 9th.

Stock exchanges work according to the invisible hand of supply and demand, which determines the price where stocks are bought and sold. Following the sale, the chairman now directly owns 3,445,546 shares of the company's stock, valued at $36,901,797.66. Also, Chairman Kosta N. Kartsotis sold 1,075,000 shares of Fossil Group stock in a transaction that occurred on Tuesday, May 30th. However the six-month change in the insider ownership was recorded -32.77%, as well as three-month change in the institutional ownership was recorded 11.72%. The disclosure for this sale can be found here. Teachers Retirement System of The State of Kentucky boosted its stake in Fossil Group by 71.8% in the first quarter. Teachers Advisors LLC now owns 1,277,667 shares of the textile maker's stock valued at $33,040,000 after buying an additional 88,087 shares in the last quarter. After this sale, 4,946,118 common shares of FOSL are directly owned by the insider, with total stake valued at $47,631,116. Thompson Siegel & Walmsley LLC increased its position in shares of Fossil Group by 39.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,746,955 shares of the textile maker's stock valued at $30,484,000 after buying an additional 810,769 shares in the last quarter.

International Paper Co (IP) operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East.

Yet another important factor while evaluating a good buy/sell decision for Fossil Group, Inc. 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.

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