Northland Securities Weighs in on Fossil Group Q2 Earnings

Fossil Group, Inc. (NASDAQ:FOSL) – Research analysts at Northland Securities reduced their Q2 2027 earnings per share (EPS) estimates for Fossil Group in a report released on Monday, March 23rd. Northland Securities analyst O. Rickert now forecasts that the accessories brand company will earn $0.07 per share for the quarter, down from their previous estimate of $0.11. Northland Securities has a “Outperform” rating and a $7.00 price target on the stock.

FOSL has been the subject of a number of other research reports. Wall Street Zen cut shares of Fossil Group from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Fossil Group in a research note on Thursday, January 22nd. Zacks Research raised shares of Fossil Group to a “hold” rating in a report on Friday, February 20th. Finally, Maxim Group raised their target price on shares of Fossil Group from $5.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Fossil Group has an average rating of “Hold” and an average target price of $7.00.

Fossil Group Price Performance

NASDAQ:FOSL opened at $4.07 on Tuesday. The stock has a market capitalization of $237.48 million, a PE ratio of -2.79 and a beta of 1.68. Fossil Group has a 1-year low of $0.86 and a 1-year high of $5.00. The firm has a fifty day simple moving average of $4.07 and a 200 day simple moving average of $3.34. The company has a current ratio of 1.55, a quick ratio of 1.05 and a debt-to-equity ratio of 2.00.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Wednesday, March 11th. The accessories brand company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.17). Fossil Group had a negative net margin of 7.81% and a negative return on equity of 46.78%. The company had revenue of $280.52 million during the quarter, compared to the consensus estimate of $249.28 million.

Hedge Funds Weigh In On Fossil Group

Several institutional investors and hedge funds have recently modified their holdings of FOSL. Kanen Wealth Management LLC acquired a new stake in shares of Fossil Group during the 4th quarter worth about $5,515,000. Nantahala Capital Management LLC boosted its holdings in shares of Fossil Group by 35.4% during the 4th quarter. Nantahala Capital Management LLC now owns 5,064,359 shares of the accessories brand company’s stock worth $19,042,000 after buying an additional 1,323,202 shares during the period. Prescott Group Capital Management L.L.C. grew its stake in Fossil Group by 1,220.7% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 875,026 shares of the accessories brand company’s stock valued at $3,290,000 after buying an additional 808,770 shares during the last quarter. Quinn Opportunity Partners LLC raised its holdings in Fossil Group by 4,465.6% in the 3rd quarter. Quinn Opportunity Partners LLC now owns 470,301 shares of the accessories brand company’s stock valued at $1,209,000 after acquiring an additional 460,000 shares during the period. Finally, Fund 1 Investments LLC raised its holdings in Fossil Group by 180.7% in the 4th quarter. Fund 1 Investments LLC now owns 642,043 shares of the accessories brand company’s stock valued at $2,414,000 after acquiring an additional 413,349 shares during the period. 61.14% of the stock is currently owned by institutional investors and hedge funds.

Fossil Group Company Profile

Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.

The group’s wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.