BidaskClub upgraded shares of Fossil Group (NASDAQ:FOSL) from a buy rating to a strong-buy rating in a research report report published on Saturday morning, BidAskClub reports.

Several other equities research analysts have also recently commented on the company. Telsey Advisory Group reissued a market perform rating and issued a $12.00 price target (down previously from $15.00) on shares of Fossil Group in a research note on Monday, August 5th. ValuEngine lowered Fossil Group from a sell rating to a strong sell rating in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the stock. Fossil Group currently has an average rating of Hold and an average target price of $14.00.

Shares of Fossil Group stock opened at $13.80 on Friday. Fossil Group has a twelve month low of $9.00 and a twelve month high of $25.52. The company has a current ratio of 1.92, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87. The business’s 50 day simple moving average is $11.05 and its 200-day simple moving average is $12.31. The stock has a market capitalization of $692.98 million, a price-to-earnings ratio of 17.69 and a beta of 0.45.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings data on Wednesday, August 7th. The accessories brand company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. Fossil Group had a net margin of 1.40% and a return on equity of 6.94%. The business had revenue of $501.40 million for the quarter, compared to analysts’ expectations of $499.05 million. During the same period in the previous year, the business earned ($0.16) earnings per share. The company’s revenue was down 13.0% on a year-over-year basis. Sell-side analysts predict that Fossil Group will post 1.49 earnings per share for the current year.

In related news, EVP Gregory A. Mckelvey bought 100,000 shares of Fossil Group stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average price of $9.86 per share, with a total value of $986,000.00. Following the acquisition, the executive vice president now owns 432,093 shares of the company’s stock, valued at approximately $4,260,436.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gregory A. Mckelvey acquired 33,600 shares of Fossil Group stock in a transaction dated Friday, August 23rd. The shares were purchased at an average price of $10.22 per share, with a total value of $343,392.00. Following the acquisition, the executive vice president now owns 432,093 shares of the company’s stock, valued at $4,415,990.46. The disclosure for this purchase can be found here. Insiders acquired a total of 153,600 shares of company stock worth $1,529,992 in the last 90 days. Company insiders own 8.00% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Marshall Wace North America L.P. bought a new stake in Fossil Group during the 1st quarter worth $26,000. US Bancorp DE grew its stake in shares of Fossil Group by 523.7% in the 2nd quarter. US Bancorp DE now owns 2,551 shares of the accessories brand company’s stock valued at $29,000 after buying an additional 2,142 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Fossil Group during the second quarter worth approximately $30,000. Bank of Montreal Can acquired a new position in Fossil Group during the second quarter worth $45,000. Finally, Flinton Capital Management LLC raised its holdings in shares of Fossil Group by 22.8% in the 2nd quarter. Flinton Capital Management LLC now owns 6,032 shares of the accessories brand company’s stock worth $69,000 after acquiring an additional 1,120 shares during the last quarter.

About Fossil Group

Fossil Group, Inc designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. Its principal products include men's and women's fashion watches and jewelry, smartwatches, handbags, small leather goods, belts, and sunglasses.

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