Fossil Group Inc (FOSL) Expected to Announce Quarterly Sales of $890.47 Million

Brokerages predict that Fossil Group Inc (NASDAQ:FOSL) will announce sales of $890.47 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Fossil Group’s earnings, with estimates ranging from $871.58 million to $914.30 million. Fossil Group posted sales of $959.20 million during the same quarter last year, which suggests a negative year-over-year growth rate of 7.2%. The firm is expected to report its next quarterly earnings results after the market closes on Tuesday, February 13th.

According to Zacks, analysts expect that Fossil Group will report full-year sales of $890.47 million for the current financial year, with estimates ranging from $2.74 billion to $2.78 billion. For the next year, analysts anticipate that the business will post sales of $2.71 billion per share, with estimates ranging from $2.64 billion to $2.78 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Fossil Group.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Tuesday, November 7th. The accessories brand company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.32. Fossil Group had a negative net margin of 12.33% and a positive return on equity of 4.75%. The business had revenue of $689.00 million for the quarter, compared to the consensus estimate of $649.87 million. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis.

Several equities analysts have weighed in on FOSL shares. BidaskClub downgraded shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Piper Jaffray Companies set a $10.00 target price on shares of Fossil Group and gave the stock a “hold” rating in a report on Thursday, October 12th. Zacks Investment Research downgraded shares of Fossil Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. ValuEngine downgraded shares of Fossil Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Buckingham Research downgraded shares of Fossil Group from a “neutral” rating to an “underperform” rating in a report on Friday, January 5th. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.27.

In other news, EVP Gregory A. Mckelvey acquired 110,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were acquired at an average price of $6.22 per share, for a total transaction of $684,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Martin Frey acquired 7,500 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average price of $7.41 per share, for a total transaction of $55,575.00. The disclosure for this purchase can be found here. 12.80% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. AHL Partners LLP bought a new position in Fossil Group during the second quarter valued at $393,000. Numeric Investors LLC bought a new position in Fossil Group during the second quarter valued at $1,630,000. Gotham Asset Management LLC increased its position in Fossil Group by 57.0% during the second quarter. Gotham Asset Management LLC now owns 558,082 shares of the accessories brand company’s stock valued at $5,776,000 after acquiring an additional 202,576 shares during the last quarter. Systematic Financial Management LP bought a new position in Fossil Group during the third quarter valued at $1,449,000. Finally, California Public Employees Retirement System increased its position in Fossil Group by 14.0% during the second quarter. California Public Employees Retirement System now owns 290,500 shares of the accessories brand company’s stock valued at $3,007,000 after acquiring an additional 35,700 shares during the last quarter. Institutional investors and hedge funds own 91.92% of the company’s stock.

Shares of Fossil Group (NASDAQ FOSL) traded down $0.68 during trading hours on Monday, reaching $8.15. 1,933,124 shares of the company’s stock traded hands, compared to its average volume of 2,150,000. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.32 and a quick ratio of 1.09. Fossil Group has a twelve month low of $5.50 and a twelve month high of $24.28. The stock has a market capitalization of $395.50, a P/E ratio of -1.13 and a beta of 0.65.

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Fossil Group Company Profile

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.

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