Fossil Group (NASDAQ:FOSL) Rating
Fossil Group (NASDAQ:FOSL) had its stock rating noted as Neutral by analysts at Mizuho Securities. Mizuho Securities currently has a $30.00 target price per share on the $1.57B market cap company or -7.81% downside potential. This was disclosed in analysts report on 12 February.
Out of 13 analysts covering Fossil (NASDAQ:FOSL), 2 rate it “Buy”, 3 “Sell”, while 10 “Hold”. This means 13% are positive. $60 is the highest target while $25 is the lowest. The $40.15 average target is 56.18% above today’s ($33.34) stock price. Fossil was the topic in 25 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Mizuho maintained the stock on February 12 with “Neutral” rating. Telsey Advisory Group maintained it with “Market Perform” rating and $48 target price in a November 13 report. Goldman Sachs downgraded the shares of FOSL in a report on December 18 to “Sell” rating. Piper Jaffray maintained the firm’s rating on October 5. Piper Jaffray has “Underweight” rating and $46.0 price target. Finally, Nomura maintained the stock with “Neutral” rating in a November 13 report.
The stock increased 2.46% or $0.8 on February 12, hitting $33.34. About 1.40 million shares traded hands. Fossil Group Inc (NASDAQ:FOSL) has declined 51.74% since July 10, 2015 and is downtrending. It has underperformed by 41.54% the S&P500.
Analysts await Fossil Group Inc (NASDAQ:FOSL) to reports earnings on February, 16. They expect $1.29 EPS, down 57.00% or $1.71 from last year’s $3 per share. FOSL’s profit will be $60.75M for 6.46 P/E if the $1.29 EPS becomes reality. After $1.19 actual EPS reported by Fossil Group Inc for the previous quarter, Wall Street now forecasts 8.40% EPS growth.
The institutional sentiment increased to 1.01 in Q3 2015. Its up 0.24, from 0.77 in 2015Q2. The ratio improved, as 50 funds sold all Fossil Group Inc shares owned while 93 reduced positions. 29 funds bought stakes while 115 increased positions. They now own 57.82 million shares or 22.62% more from 47.15 million shares in 2015Q2.
Underhill Investment Management Llc holds 6.94% of its portfolio in Fossil Group Inc for 252,140 shares. Vulcan Value Partners Llc owns 8.67 million shares or 4.7% of their US portfolio. Moreover, Eminence Capital Lp has 2.55% invested in the company for 2.97 million shares. The Nebraska-based Weitz Investment Management Inc. has invested 2.01% in the stock. Reinhart Partners Inc., a Wisconsin-based fund reported 259,010 shares.
Fossil Group, Inc. is a global designer, marketer and distributor firm that specializes in consumer fashion accessories. The company has a market cap of $1.57 billion. The Company’s offerings include a line of men’s and women’s fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories, and select apparel. It has 5.49 P/E ratio. The Firm operates in four different divisions: the North America Wholesale segment, the Europe Wholesale segment, Asia Pacific Wholesale segment and the Direct to Consumer segment.
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.”