Q2 2019 EPS Estimates for Fossil Group Inc Decreased by KeyCorp (FOSL)

Fossil Group Inc (NASDAQ:FOSL) – Investment analysts at KeyCorp cut their Q2 2019 earnings per share (EPS) estimates for Fossil Group in a report issued on Wednesday, May 8th. KeyCorp analyst E. Yruma now forecasts that the accessories brand company will post earnings per share of $0.05 for the quarter, down from their prior forecast of $0.24. KeyCorp also issued estimates for Fossil Group’s Q1 2020 earnings at ($0.10) EPS, Q2 2020 earnings at $0.10 EPS, FY2020 earnings at $1.39 EPS and FY2021 earnings at $1.45 EPS.

FOSL has been the topic of a number of other research reports. ValuEngine lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Zacks Investment Research lowered shares of Fossil Group from a “hold” rating to a “strong sell” rating in a report on Monday, February 18th. Wells Fargo & Co decreased their target price on shares of Fossil Group from $14.00 to $8.00 and set an “underperform” rating on the stock in a report on Thursday, February 14th. BidaskClub lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $17.00 target price on shares of Fossil Group in a report on Thursday, February 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Fossil Group currently has an average rating of “Hold” and a consensus price target of $20.00.

NASDAQ FOSL opened at $13.70 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.45 and a current ratio of 1.99. The company has a market capitalization of $722.17 million, a PE ratio of 17.56 and a beta of 0.17. Fossil Group has a 12-month low of $12.24 and a 12-month high of $32.17.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Wednesday, May 8th. The accessories brand company reported ($0.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.11. Fossil Group had a net margin of 1.34% and a return on equity of 8.88%. The company had revenue of $465.30 million for the quarter, compared to analyst estimates of $453.97 million. During the same quarter in the previous year, the firm posted ($0.99) earnings per share. The company’s quarterly revenue was down 18.3% compared to the same quarter last year.

Institutional investors have recently bought and sold shares of the stock. FMR LLC increased its holdings in shares of Fossil Group by 0.5% in the 4th quarter. FMR LLC now owns 7,417,523 shares of the accessories brand company’s stock worth $116,677,000 after buying an additional 40,142 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Fossil Group by 0.3% in the 1st quarter. BlackRock Inc. now owns 6,684,037 shares of the accessories brand company’s stock worth $91,705,000 after buying an additional 18,991 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Fossil Group by 28.7% in the 3rd quarter. Vanguard Group Inc now owns 5,542,764 shares of the accessories brand company’s stock worth $129,035,000 after buying an additional 1,235,339 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Fossil Group by 28.7% in the 3rd quarter. Vanguard Group Inc. now owns 5,542,764 shares of the accessories brand company’s stock worth $129,035,000 after buying an additional 1,235,339 shares during the last quarter. Finally, Contrarius Investment Management Ltd increased its holdings in shares of Fossil Group by 0.6% in the 4th quarter. Contrarius Investment Management Ltd now owns 4,795,032 shares of the accessories brand company’s stock worth $75,426,000 after buying an additional 30,944 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

In related news, Chairman Kosta N. Kartsotis sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $15.92, for a total transaction of $796,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gregory A. Mckelvey sold 249,940 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $14.64, for a total transaction of $3,659,121.60. The disclosure for this sale can be found here. Corporate insiders own 8.00% of the company’s stock.

About Fossil Group

Fossil Group, Inc designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. Its principal products include men's and women's fashion watches and jewelry, smartwatches, handbags, small leather goods, belts, and sunglasses.

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Earnings History and Estimates for Fossil Group (NASDAQ:FOSL)

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