KeyCorp reiterated their overweight rating on shares of Fossil Group (NASDAQ:FOSL) in a report published on Wednesday morning. They currently have a $25.00 target price on the accessories brand company’s stock, up from their prior target price of $15.00.

A number of other equities analysts have also commented on the stock. Telsey Advisory Group boosted their price target on shares of Fossil Group from $7.00 to $15.00 and gave the company a market perform rating in a research report on Wednesday. Zacks Investment Research lowered shares of Fossil Group from a buy rating to a hold rating in a research report on Friday, February 2nd. BidaskClub lowered shares of Fossil Group from a buy rating to a hold rating in a research report on Friday, February 2nd. ValuEngine downgraded shares of Fossil Group from a hold rating to a sell rating in a research note on Friday, February 2nd. Finally, Buckingham Research downgraded shares of Fossil Group from a neutral rating to an underperform rating in a research note on Friday, January 5th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $12.75.

Fossil Group (NASDAQ:FOSL) traded up $7.93 during trading hours on Wednesday, reaching $16.97. 42,094,699 shares of the company’s stock were exchanged, compared to its average volume of 3,580,761. The firm has a market capitalization of $823.52, a price-to-earnings ratio of -2.36 and a beta of 0.65. Fossil Group has a 52-week low of $5.50 and a 52-week high of $21.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.09 and a current ratio of 2.32.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings results on Tuesday, February 13th. The accessories brand company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.24. The firm had revenue of $920.80 million for the quarter, compared to analyst estimates of $890.47 million. Fossil Group had a negative net margin of 17.15% and a positive return on equity of 0.61%. During the same period in the previous year, the business earned $1.03 earnings per share. analysts expect that Fossil Group will post -0.17 earnings per share for the current fiscal year.

In related news, EVP Martin Frey bought 7,500 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was bought at an average cost of $7.41 per share, with a total value of $55,575.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.80% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of FOSL. Millennium Management LLC raised its stake in shares of Fossil Group by 378.4% during the fourth quarter. Millennium Management LLC now owns 1,369,533 shares of the accessories brand company’s stock worth $10,641,000 after buying an additional 1,083,233 shares during the last quarter. Contrarius Investment Management Ltd raised its stake in shares of Fossil Group by 511.8% during the third quarter. Contrarius Investment Management Ltd now owns 1,111,463 shares of the accessories brand company’s stock worth $10,370,000 after buying an additional 929,803 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of Fossil Group by 177.5% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 548,529 shares of the accessories brand company’s stock worth $5,118,000 after buying an additional 350,865 shares during the last quarter. Royce & Associates LP raised its stake in shares of Fossil Group by 20,504.9% during the fourth quarter. Royce & Associates LP now owns 351,520 shares of the accessories brand company’s stock worth $2,731,000 after buying an additional 349,814 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Fossil Group by 123.2% during the fourth quarter. Two Sigma Advisers LP now owns 617,275 shares of the accessories brand company’s stock worth $4,796,000 after buying an additional 340,763 shares during the last quarter. 92.48% of the stock is owned by institutional investors and hedge funds.

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About Fossil Group

Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include 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.

Analyst Recommendations for Fossil Group (NASDAQ:FOSL)

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