Fossil Group (NASDAQ:FOSL) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Tuesday, ValuEngine reports.

A number of other research firms have also recently commented on FOSL. Telsey Advisory Group reiterated a “market perform” rating and issued a $12.00 price target (down from $15.00) on shares of Fossil Group in a research note on Monday, August 5th. BidaskClub upgraded Fossil Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research upgraded Fossil Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Fossil Group presently has a consensus rating of “Hold” and an average price target of $14.00.

FOSL stock traded up $0.23 during trading on Tuesday, reaching $9.98. 862,068 shares of the company traded hands, compared to its average volume of 1,479,966. Fossil Group has a 12 month low of $9.40 and a 12 month high of $26.89. The company’s 50 day moving average price is $10.68. The company has a market capitalization of $518.61 million, a P/E ratio of 12.79 and a beta of 0.54. The company has a quick ratio of 1.05, a current ratio of 1.92 and a debt-to-equity ratio of 0.87.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings results on Wednesday, August 7th. The accessories brand company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. Fossil Group had a return on equity of 6.94% and a net margin of 1.40%. The company had revenue of $501.40 million during the quarter, compared to analysts’ expectations of $499.05 million. During the same period last year, the business posted ($0.16) earnings per share. The firm’s revenue was down 13.0% compared to the same quarter last year. Equities research analysts expect that Fossil Group will post 0.55 earnings per share for the current fiscal year.

In other news, EVP Martin Frey acquired 5,000 shares of Fossil Group stock in a transaction dated Friday, May 31st. The stock was purchased at an average cost of $9.70 per share, for a total transaction of $48,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.00% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Bank of America Corp DE grew its position in Fossil Group by 21.6% during the fourth quarter. Bank of America Corp DE now owns 56,176 shares of the accessories brand company’s stock valued at $883,000 after buying an additional 9,972 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in Fossil Group during the fourth quarter valued at about $207,000. Dimensional Fund Advisors LP grew its position in Fossil Group by 10.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,715,698 shares of the accessories brand company’s stock valued at $26,989,000 after buying an additional 169,086 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in Fossil Group during the first quarter valued at about $170,000. Finally, Sciencast Management LP bought a new position in Fossil Group during the first quarter valued at about $205,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Fossil Group Company Profile

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.

Recommended Story: Street Name

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Fossil Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fossil Group and related companies with MarketBeat.com's FREE daily email newsletter.