Press coverage about Fossil Group (NASDAQ:FOSL) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fossil Group earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news headlines about the accessories brand company an impact score of 45.3295495766946 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- -$0.15 EPS Expected for Fossil Group, Inc. (FOSL) This Quarter (americanbankingnews.com)
- China to Ban Sale of Fossil Fuel Cars in Electric Vehicle Push (bloomberg.com)
- What’s Real Worth Of Fossil Group, Inc. (FOSL), McKesson Corporation (MCK) – AllStockNews (allstocknews.com)
- Dissecting the Numbers for Fossil Group, Inc. (FOSL) and Vera Bradley, Inc. (VRA) – StockNewsGazette (stocknewsgazette.com)
- Why Fossil Group Inc. Stock Fell 26.3% in August – Motley Fool (fool.com)
Fossil Group (NASDAQ FOSL) traded up 1.90% during mid-day trading on Tuesday, hitting $8.06. 2,724,818 shares of the stock were exchanged. Fossil Group has a 1-year low of $6.80 and a 1-year high of $36.87. The company’s market capitalization is $391.08 million. The stock has a 50 day moving average price of $9.26 and a 200 day moving average price of $12.83.
Fossil Group (NASDAQ:FOSL) last released its quarterly earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.05. The business had revenue of $596.80 million during the quarter, compared to analyst estimates of $617.89 million. Fossil Group had a positive return on equity of 6.34% and a negative net margin of 11.33%. Fossil Group’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 EPS. On average, equities analysts anticipate that Fossil Group will post $0.47 earnings per share for the current fiscal year.
Several research firms recently weighed in on FOSL. Buckingham Research reduced their price objective on shares of Fossil Group from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 9th. Bank of America Corporation set a $7.00 price objective on shares of Fossil Group and gave the stock a “sell” rating in a research note on Wednesday, August 9th. Telsey Advisory Group reduced their price objective on shares of Fossil Group from $13.00 to $11.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 9th. ValuEngine lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Wells Fargo & Company reissued an “underperform” rating and set a $8.00 price objective on shares of Fossil Group in a research note on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. Fossil Group presently has a consensus rating of “Hold” and a consensus price target of $16.23.
In related news, Chairman Kosta N. Kartsotis sold 625,000 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $9.73, for a total value of $6,081,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Martin Frey purchased 7,100 shares of the stock in a transaction that occurred 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. Insiders purchased a total of 114,945 shares of company stock valued at $923,917 over the last three months. 12.80% of the stock is currently owned by insiders.
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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