Wall Street analysts expect that Fossil Group Inc (NASDAQ:FOSL) will report sales of $454.25 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Fossil Group’s earnings. The highest sales estimate is $464.70 million and the lowest is $443.80 million. Fossil Group reported sales of $569.20 million in the same quarter last year, which indicates a negative year-over-year growth rate of 20.2%. The company is scheduled to report its next earnings results on Tuesday, May 14th.

On average, analysts expect that Fossil Group will report full-year sales of $2.25 billion for the current year, with estimates ranging from $2.23 billion to $2.27 billion. For the next year, analysts anticipate that the company will post sales of $2.19 billion, with estimates ranging from $2.18 billion to $2.21 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Fossil Group.

Fossil Group (NASDAQ:FOSL) last announced its earnings results on Wednesday, February 13th. The accessories brand company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.26). Fossil Group had a negative net margin of 0.14% and a positive return on equity of 3.86%. The company had revenue of $786.90 million for the quarter, compared to the consensus estimate of $805.17 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year.

Several equities research analysts have issued reports on the stock. ValuEngine upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Telsey Advisory Group reiterated a “market perform” rating and set a $17.00 target price on shares of Fossil Group in a research report on Thursday, February 14th. BidaskClub lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Zacks Investment Research lowered shares of Fossil Group from a “hold” rating to a “strong sell” rating in a research report on Monday, February 18th. Finally, TheStreet lowered shares of Fossil Group from a “c-” rating to a “d+” rating in a research report on Monday, December 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Fossil Group currently has an average rating of “Hold” and an average target price of $20.00.

In other Fossil Group news, Chairman Kosta N. Kartsotis sold 50,000 shares of Fossil Group stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $15.92, for a total transaction of $796,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gregory A. Mckelvey sold 249,940 shares of Fossil Group stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $14.64, for a total transaction of $3,659,121.60. The disclosure for this sale can be found here. Insiders own 8.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. bought a new stake in shares of Fossil Group during the 4th quarter valued at $27,000. Palo Capital Inc. bought a new stake in shares of Fossil Group during the 3rd quarter valued at $156,000. United Services Automobile Association boosted its holdings in shares of Fossil Group by 9.3% during the 4th quarter. United Services Automobile Association now owns 11,045 shares of the accessories brand company’s stock valued at $174,000 after buying an additional 943 shares in the last quarter. Convergence Investment Partners LLC bought a new stake in shares of Fossil Group during the 4th quarter valued at $188,000. Finally, NumerixS Investment Technologies Inc bought a new stake in shares of Fossil Group during the 4th quarter valued at $206,000. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Fossil Group stock traded up $0.19 during mid-day trading on Friday, hitting $15.04. 905,613 shares of the company traded hands, compared to its average volume of 1,880,771. Fossil Group has a one year low of $11.40 and a one year high of $32.17. The firm has a market cap of $726.75 million, a PE ratio of 19.28 and a beta of 0.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.08 and a quick ratio of 1.45.

About Fossil Group

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company's principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, and sunglasses. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ARMANI EXCHANGE, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.

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