Fossil Group (FOSL) Receiving Somewhat Positive Media Coverage, Report Shows

News headlines about Fossil Group (NASDAQ:FOSL) have trended somewhat positive on Thursday, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fossil Group earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned press coverage about the accessories brand company an impact score of 45.5239953217838 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the media headlines that may have impacted Accern’s scoring:

Fossil Group (FOSL) traded up 2.48% during midday trading on Thursday, reaching $8.26. 2,190,802 shares of the company’s stock were exchanged. The stock’s market capitalization is $400.78 million. Fossil Group has a 12-month low of $6.80 and a 12-month high of $36.87. The stock’s 50-day moving average is $8.71 and its 200-day moving average is $11.50.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.05. The business had revenue of $596.80 million during the quarter, compared to analysts’ expectations of $617.89 million. Fossil Group had a negative net margin of 11.33% and a positive return on equity of 6.34%. The business’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter last year, the company posted $0.12 earnings per share. On average, equities analysts forecast that Fossil Group will post ($0.11) earnings per share for the current year.

FOSL has been the subject of several recent research reports. ValuEngine lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Bank of America Corporation set a $7.00 target price on shares of Fossil Group and gave the company a “sell” rating in a report on Wednesday, August 9th. Finally, Wells Fargo & Company reiterated an “underperform” rating and set a $7.00 target price (down from $8.00) on shares of Fossil Group in a report on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $15.90.

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In related news, insider Gregory A. Mckelvey purchased 5,712 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was acquired at an average price of $8.73 per share, with a total value of $49,865.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Martin Frey purchased 7,100 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was bought at an average cost of $7.25 per share, with a total value of $51,475.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 114,945 shares of company stock valued at $923,917. Corporate insiders own 12.80% of the company’s stock.

About Fossil Group

Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include 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.

Insider Buying and Selling by Quarter for Fossil Group (NASDAQ:FOSL)

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