Fossil Group Inc (NASDAQ: FOSL) – KeyCorp equity analysts cut their EPS Q1 2019 estimates for Fossil Group shares in a report released Thursday, February 14, according to Zacks Investment Research. KeyCorp analyst E. Yruma now anticipates that the accessory brand will produce earnings of ($ 0.54) per share for the quarter, down from the previous estimate of ($ 0.13). KeyCorp has also issued estimates for Fossil Group's fourth quarter 2019 earnings at $ 0.87 EPS, earnings for FY2019 at $ 0.82 EPS and earnings for FY2020 at $ 1.17 EPS.
FOSL has been the subject of numerous other reports. Wells Fargo & Co reduced the price target on Fossil Group shares from $ 14.00 to $ 8.00 and set an "underperform" rating for the company in a research report on Thursday 14 February. Telsey Advisory Group reiterated a "market return" rating and set a price target of $ 17.00 (down from $ 20.00) on Fossil Group shares in a research report on Friday 8 February. BidaskClub has cut Fossil Group shares from a "buy" rating to a "hold" rating in a research report on Thursday 7 February. ValuEngine has cut Fossil Group shares from a "hold" rating to a "sell" rating in a research report on Thursday 14 February. Finally, TheStreet cut Fossil Group shares from a "c-" rating to a "d +" rating in a research report on Monday 10 December. Two research analysts rated the stock with a sales rating, two gave an asset rating and two assigned a buy rating to the company's shares. Currently the Fossil Group has a consensus rating of "Hold" and a consensus target price of $ 20.00.
FOSL shares fell $ 0.19 on Monday, reaching $ 15.04. 905,613 shares of the stock were exchanged, compared to its average volume of 1,880,771. The company has a market capitalization of $ 726.75 million, a price / earnings ratio of 19.28 and a beta of 0.21. The company has a quick report of 1.45, a current ratio of 2.08 and a debt / equity ratio of 0.46. Fossil Group has a minimum of 1 year of $ 11.40 and a maximum of 1 year of $ 32.17.
The last time Fossil Group (NASDAQ: FOSL) published its earnings results on Wednesday 13 February. The accessory brand company recorded an EPS of $ 1.01 for the quarter, lacking Zacks' consensus estimate of $ 1.27 for ($ 0.26). The company posted revenue of $ 786.90 million in the quarter, compared to analysts' estimates of $ 805.17 million. The Fossil Group achieved a positive return on equity of 3.86% and a negative net margin of 0.14%. The revenue of the company for the quarter decreased by 14.6% on an annual basis. During the same quarter last year, the company published $ 0.44 EPS.
Several large investors have recently made changes to their FOSL positions. Oppenheimer Asset Management Inc. acquired a new position in Fossil Group in the 4th quarter for a value of approximately $ 27,000. Palo Capital Inc. purchased a new stake in Fossil Group in the third quarter for about $ 156,000. The United Services Automobile Association raised its position in Fossil Group by 9.3% in the fourth quarter. The United Services Automobile Association now owns 11,045 shares of the accessory brand, valued at $ 174,000, after the purchase of an additional 943 shares in the last quarter. Convergence Investment Partners LLC purchased a new stake in Fossil Group in the fourth quarter for a value of approximately $ 188,000. Finally, NumerixS Investment Technologies Inc purchased a new stake in Fossil Group in the fourth quarter for a value of approximately $ 206,000. Institutional investors hold 89.08% of the company's shares.
In the other news of the Fossil group, the insider Gregory A. Mckelvey sold 249.940 shares of the company in a transaction that took place on Wednesday 20 February. The shares were sold at an average price of $ 14.64, for a total value of $ 3,659,121.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In addition, President Kosta N. Kartsotis sold 50,000 shares of the company in a transaction that took place on Friday 1 March. The shares were sold at an average price of $ 15.92, for a total transaction of $ 796,000.00. Disclosure for this sale can be found here. 8.20% of the capital is owned by company employees.
Company profile of the fossil group
Fossil Group, Inc., together with its subsidiaries, designs, develops, markets and distributes fashion accessories for consumers. The main products of the company include a line of watches and fashion jewelry for men and women, bags, 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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