Fossil Group, Inc. (FOSL) Forecasted to Post FY2016 Earnings of $1.79 Per Share

Fossil Group, Inc. (NASDAQ:FOSL) – Oppenheimer Holdings decreased their FY2016 EPS estimates for shares of Fossil Group in a report issued on Thursday. Oppenheimer Holdings analyst A. Andreeva now anticipates that the brokerage will earn $1.79 per share for the year, down from their previous forecast of $1.82. Oppenheimer Holdings also issued estimates for Fossil Group’s Q4 2016 earnings at $1.07 EPS, Q3 2017 earnings at $0.36 EPS and Q4 2017 earnings at $1.02 EPS.

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FOSL has been the topic of a number of other research reports. Piper Jaffray Companies reiterated a “sell” rating and set a $23.00 price target on shares of Fossil Group in a report on Tuesday, November 8th. KeyCorp reiterated an “overweight” rating and set a $42.00 price target on shares of Fossil Group in a report on Wednesday, December 28th. Zacks Investment Research cut shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Monday, November 7th. Cowen and Company restated a “market perform” rating and issued a $25.00 target price (down previously from $30.00) on shares of Fossil Group in a report on Friday, November 4th. Finally, OTR Global upgraded shares of Fossil Group to a “neutral” rating in a report on Tuesday, November 1st. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. Fossil Group has an average rating of “Hold” and a consensus target price of $30.10.

Shares of Fossil Group (NASDAQ:FOSL) opened at 22.98 on Monday. The firm has a 50-day moving average price of $25.09 and a 200 day moving average price of $28.80. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 11.18 and a beta of 1.59. Fossil Group has a 1-year low of $22.46 and a 1-year high of $51.93.

In other news, insider Darren E. Hart sold 13,125 shares of the business’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $34.42, for a total value of $451,762.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Elaine B. Agather sold 1,800 shares of the business’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $31.77, for a total transaction of $57,186.00. The disclosure for this sale can be found here. Insiders own 13.80% of the company’s stock.

This story was originally posted by sleekmoney and is owned by of sleekmoney. If you are viewing this story on another domain, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this story can be viewed at http://sleekmoney.com/fossil-group-inc-fosl-forecasted-to-post-fy2016-earnings-of-1-79-per-share/1659304.html.

Several hedge funds have recently bought and sold shares of FOSL. Renaissance Technologies LLC acquired a new stake in Fossil Group during the fourth quarter worth $217,000. Pacad Investment Ltd. increased its stake in Fossil Group by 66.8% in the fourth quarter. Pacad Investment Ltd. now owns 34,200 shares of the company’s stock worth $884,000 after buying an additional 13,700 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Fossil Group during the fourth quarter worth $255,000. Thompson Siegel & Walmsley LLC increased its stake in Fossil Group by 39.8% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,929,377 shares of the company’s stock worth $49,894,000 after buying an additional 548,901 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Fossil Group during the fourth quarter worth $522,000. Hedge funds and other institutional investors own 95.01% of the company’s stock.

Fossil Group Company Profile

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

5 Day Chart for NASDAQ:FOSL

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