November 29, 2016 - By Linda Rogers · 0 Comments
Fossil Group Inc (NASDAQ:FOSL) institutional sentiment increased to 1.21 in Q2 2016. Its up 0.37, from 0.84 in 2016Q1. The ratio increased, as 97 institutional investors started new or increased positions, while 116 reduced and sold their positions in Fossil Group Inc. The institutional investors in our partner’s database now own: 45.71 million shares, down from 46.52 million shares in 2016Q1. Also, the number of institutional investors holding Fossil Group Inc in their top 10 positions decreased from 3 to 1 for a decrease of 2. Sold All: 61 Reduced: 55 Increased: 73 New Position: 24.
Fossil Group, Inc. is a design, marketing and distribution firm that specializes in consumer fashion accessories. The company has a market cap of $1.62 billion. The Company’s divisions are Americas, Europe and Asia. It has a 16.85 P/E ratio. 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.
About 272,996 shares traded hands. Fossil Group Inc (NASDAQ:FOSL) has declined 18.22% since April 26, 2016 and is downtrending. It has underperformed by 23.48% the S&P500.
Analysts await Fossil Group Inc (NASDAQ:FOSL) to report earnings on February, 21. They expect $1.21 EPS, down 30.46% or $0.53 from last year’s $1.74 per share. FOSL’s profit will be $56.38M for 7.18 P/E if the $1.21 EPS becomes a reality. After $0.42 actual EPS reported by Fossil Group Inc for the previous quarter, Wall Street now forecasts 188.10% EPS growth.
According to Zacks Investment Research, “Fossil Group, Inc. is involved in designing, marketing and distribution of consumer fashion accessories. The Company’s product portfolio include men’s and women’s watches, handbags, belts, small leather goods, jewellery, sunglasses, hats, gloves and scarves, jeans, outerwear, fashion tops and bottoms, tee shirts as well as optical frames. Its brands include MICHELE, Zodiac, Relic, Emporio Armani, DKNY, Armani Exchange, Michael Kors, Diesel, Burberry, Marc by Marc Jacobs, Adidas, Skagen Denmark, and Karl Lagerfeld. The Company operates in four different segments: the North America Wholesale segment, the Europe Wholesale segment, Asia Pacific Wholesale segment and the Direct to Consumer segment. It serves market through department stores, specialty retail stores, specialty watch and jewellery stores, retail and outlet stores, mass market stores, clothing stores as well as through its catalogs and Website. Fossil Group Inc., formerly known as Fossil, Inc. is based in Richardson, Texas.”
Underhill Investment Management Llc holds 4.77% of its portfolio in Fossil Group Inc for 309,500 shares. Pacifica Capital Investments Llc owns 315,500 shares or 4.75% of their US portfolio. Moreover, Vulcan Value Partners Llc has 3.26% invested in the company for 11.61 million shares. The Pennsylvania-based Irving Magee Investment Management has invested 1.84% in the stock. Horan Capital Management, a Maryland-based fund reported 179,902 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 insider sale for $77,354 net activity.
Ratings analysis reveals 24% of Fossil’s analysts are positive. Out of 17 Wall Street analysts rating Fossil, 4 give it “Buy”, 4 “Sell” rating, while 9 recommend “Hold”. The lowest target is $23 while the high is $90. The stock’s average target of $44.33 is 27.49% above today’s ($34.77) share price. FOSL was included in 36 notes of analysts from August 7, 2015. The firm has “Neutral” rating given on Wednesday, August 10 by Nomura. Oppenheimer maintained Fossil Group Inc (NASDAQ:FOSL) on Wednesday, August 12 with “Perform” rating. Nomura maintained it with “Neutral” rating and $40 target price in Friday, November 13 report. The firm has “Neutral” rating given on Monday, November 21 by PiperJaffray. The stock of Fossil Group Inc (NASDAQ:FOSL) earned “Market Perform” rating by Telsey Advisory Group on Wednesday, May 11. On Friday, November 13 the stock rating was maintained by Mizuho with “Neutral”. The company was downgraded on Friday, December 18 by Goldman Sachs. The stock of Fossil Group Inc (NASDAQ:FOSL) earned “Hold” rating by Nomura on Friday, August 14. The stock of Fossil Group Inc (NASDAQ:FOSL) earned “Underweight” rating by Piper Jaffray on Monday, October 5. Piper Jaffray upgraded the stock to “Neutral” rating in Monday, November 21 report.
Fossil Group, Inc., incorporated on December 26, 1991, is a design, marketing and distribution firm that specializes in consumer fashion accessories. The Company’s divisions are 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. The Americas segment includes sales to clients based in Canada, Latin America and the United States. The Europe segment includes sales to clients based in European countries, the Middle East and Africa. The Asia segment includes sales to clients based in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. The Company’s principal offerings include a line of men’s and women’s fashion watches and jewelry, handbags, small leather goods, belts, sunglasses and soft accessories. The Firm products are distributed through various distribution channels, including wholesale in countries where it has a physical presence, direct to the consumer (D2C) through its retail stores and commercial Websites and through third-party distributors in countries where it do not maintain a physical presence.
More recent Fossil Group Inc (NASDAQ:FOSL) news were published by: Streetinsider.com which released: “Form 4 Fossil Group, Inc. For: Nov 24 Filed by: Belcher Randy” on November 28, 2016. Also Fool.com published the news titled: “Why Fossil Group, Advanced Micro Devices, and Danaos Jumped Today” on November 16, 2016. Globenewswire.com‘s news article titled: “Fossil Group, Inc. Reports Third Quarter Fiscal Year 2016 Results” with publication date: November 03, 2016 was also an interesting one.
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By Linda Rogers