Watch Maker Fossil Group Loses Big After Swinging to 2Q Loss

Fossil Gets Buried As Business Conditions Remain Tough

Pacifica Capital Investments Llc holds 4.64% of its portfolio in Fossil Group Inc for 360,750 shares.

At the moment 11 analysts are watching Fossil Group, Inc. Finally, Cowen and Company lowered their target price on Fossil Group from $15.00 to $12.00 and set a "market perform" rating on the stock in a research note on Wednesday, May 10th. Jefferies downgraded the stock to "Hold" rating in Monday, January 4 report.

Fossil Group (FOSL) traded down 25.00% during trading on Wednesday, reaching $8.88. The company has a 50-day moving average of $10.19 and a 200-day moving average of $15.76. The firm has a market capitalization of $430.36 million, a price-to-earnings ratio of 17.41 and a beta of 0.73.

Fossil Group, Inc. (NASDAQ:FOSL), stock is trading $36.87 above the 52-week high and has displayed a high EPS growth of -18.70% in last 5 years. Bank of America maintained Fossil Group Inc (NASDAQ:FOSL) on Friday, November 13 with "Underperform" rating. The accessories brand company reported ($0.23) EPS for the quarter, topping analysts' consensus estimates of ($0.28) by $0.05. Fossil Group had a net margin of 0.84% and a return on equity of 7.59%. Revenue fell to $596.8 million from $685.4 million. For the quarter ending Dec-17, 11 analysts have a mean sales target of 966.67 million whilst for the year ending Dec-17, 11 analysts have a mean target of 2,886.81 million. The accessories brand company reported ($0.23) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.28) by $0.05.

Wide receiver Brandin Cooks dominates Patriots scrimmage with Jaguars
It is certainly an encouraging sign to see the Patriots have some success against the Jaguars in their first joint practice. It's a good measuring stick. "You get exhausted of playing against each other, you want to see somebody else", Butler said.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by Week Herald and is owned by of Week Herald. If you are viewing this report on another publication, it was stolen and reposted in violation of global trademark & copyright legislation. P/E provides a number that details how many years of earnings it will take a stock to recoup the value of one share at current price levels. The biggest holder now is Tom Kartsotis who owns 4,402,591 shares (9.08% of those outstanding), whilst Kosta N. Kartsotis holds 2,760,546 (5.70% of shares outstanding) and Randy S. Kercho holds 170,355 (0.35% of shares outstanding).

The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. Also, Chairman Kosta N. Kartsotis sold 520,281 shares of the firm's stock in a transaction on Friday, June 9th. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,220,281 shares of company stock worth $23,790,210.

Several large investors have recently made changes to their positions in the stock. Teachers Advisors LLC raised its stake in shares of Fossil Group by 7.4% in the fourth quarter. Wayne Hummer Investments L.L.C. bought a new stake in shares of Fossil Group during the first quarter worth approximately $205,000. Winslow Asset Management Inc. boosted its position in Fossil Group by 1.6% in the first quarter.

The company is doing "what we do best and focusing on design and style" to create new wearables that track fitness and smartwatches under its owned Fossil and licensed brands that include Michael Kors and Tory Burch. Nisa Investment Advisors LLC raised its stake in shares of Fossil Group by 21.2% in the first quarter. Prudential Financial Inc. now owns 380,416 shares of the accessories brand company's stock worth $6,638,000 after buying an additional 240,130 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Fossil Group by 10.2% in the first quarter. Vanguard Group Inc. now owns 3,644,137 shares of the accessories brand company's stock valued at $63,591,000 after buying an additional 462,851 shares in the last quarter.

Related News:

  • United States  congresswoman confident Guam protected from North Korea threat

    United States congresswoman confident Guam protected from North Korea threat

    Trump and North Korea have been exchanging escalating threats, with the North saying it was examining plans for attacking Guam. North Korea expressed outrage at the U.N. vote, vowing to launch "thousands-fold" revenge against the United States.
    Selena Gomez Teams with Elle Fanning For New Woody Allen Film

    Selena Gomez Teams with Elle Fanning For New Woody Allen Film

    Fanning recently had a key supporting role in " The Beguiled " and starred in Nicolas Wind Refn's horror film " The Neon Demon ". Singer Selena Gomez joins Timothée Chalamet and Elle Fanning in Woody Allen's new film, The Hollywood Reporter reported.

    Which Analysts Are Watching American Midstream Partners, LP (NYSE:AMID)?

    EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. JPMorgan Chase & Co. raised its stake in shares of Martin Midstream Partners 14.2% in the first quarter.
  • Mauricio Pochettino - 'Tottenham Will Spend This Window'

    For all their improvement over the last few years, Tottenham have not claimed a major trophy since winning the 2007-08 League Cup. We need some new energy and strengthen our squad. "They worry me in that sense, but I still think they could finish third.
    Kashmir teenager injured in clashes with security forces succumbs

    Kashmir teenager injured in clashes with security forces succumbs

    During this operation, the hiding militants suddenly fired upon them resulting in an encounter. During the past two weeks there has been an increase in the gunfights in region.
    North Korea threatens to strike U.S.  military base at Guam

    North Korea threatens to strike U.S. military base at Guam

    North Korea has said it is considering carrying out missile strikes on the US Pacific territory of Guam , according to BBC. The president's extraordinary comments had already pushed US stocks into negative territory on Tuesday afternoon.
  • As UN sanctions loom, seafood trade slows on China-North Korea border

    As UN sanctions loom, seafood trade slows on China-North Korea border

    No, I never considered rerouting the trip back. "And I don't want to live for the next 50 years under that threat". Or at least that's the rhetoric coming from Pyongyang.
    David Letterman announces TV return with Netflix show

    David Letterman announces TV return with Netflix show

    More than two years after ending his 22-season run on CBS, David Letterman is ready to come out of retirement. Jon Stewart will do a standup special for HBO, and Jay Leno has a CNBC web series caleld "Jay Leno's Garage".

    MLA's left Gujarat to protect Indian democracy: Congress

    Both Amit Shah and Smriti Irani bagged 46 votes each. #Gujarat Congress MLAs being taken to a resort near Ahmedabad . Gohil asserted that all the Congress MLAs were "united" and that they would vote for Patel in the August 8 election.
  • Akshay Kumar's 'TEPK' under CBFC scanner, gets 8 verbal cuts

    Akshay Kumar's 'TEPK' under CBFC scanner, gets 8 verbal cuts

    But despite having a good thought behind the making, the Central Board of Film Certification has not been lenient with this film. Apart from these, the CBFC had also apparently suggested four additional edits, as was reported earlier.
    Nagasaki Marks Anniversary of Bombing Amid US-North Korea Nuclear Tensions

    Nagasaki Marks Anniversary of Bombing Amid US-North Korea Nuclear Tensions

    The second rocket tested flew even longer, with some experts even suggesting NY could be vulnerable. McMaster, said over the weekend that "all options" are on the table to deal with North Korea.
    Greens senator wants to recontest Qld seat

    Greens senator wants to recontest Qld seat

    The ABC has confirmed senators Jacqui Lambie, Derryn Hinch and Cory Bernardi also support the motion, the latter another One Nation ally.

Most liked

Metro BBC Staff Spotted Watching A Sex Scene During Live News Broadcast
The BBC have issued a statement since, saying that they are investigating the incident and are "establishing the facts". An employee wearing headphones and slumped in his chair can be seen watching the woman undress in the raunchy scene.

No Man's Sky: Walking Titan DLC Won't Make Things Better
No Man's Sky has been released nearly a year ago (August 12th, 2016) and its latest patch was released back in March. The new No Man's Sky 1.3 update is called " Atlas Rise " and it will be out for the PC and PS4 later this week.

August rain chances return to Northeast Kansas
At one point, Sunday appeared to be rather wet with showers and scattered thunderstorms, but now that threat may shift to Monday . On Monday , there's a 30 percent chance of showers and thunderstorms after 10 a.m., which will continue into the evening.

Sethi elected chairman of Pakistan Cricket Board
Pakistan Super League (PSL) chairman Najam Sethi has been elected as the new chairman of the Pakistan Cricket Board (PCB). He said he will discuss the Sri Lankan team's tour to Pakistan later this year.

MILLA JOVOVICH 'In Final Talks' For HELLBOY Reboot
Deadline reports that the actress is in final negotiations to join the franchise reboot as the film's villain, the Blood Queen. The upcoming Hellboy reboot, tentatively titled Hellboy: Rise of the Blood Queen , just got some major star power.

Everything We've Been Told About Online Passwords Is Wrong
Burr suggested the numbers-letters-special character combo in an eight-page manifesto titled "NIST Special Publication 800-63". For example, something like "Pa55word!" follows Burr's guidelines but isn't very secure and is very easy to guess.

Diego Costa rejects AC Milan move
Diego Simeone has refused to be drawn into any speculation over bringing wantaway Chelsea striker Diego Costa back to Atletico Madrid this summer.

5 questions people are searching about North Korea and the answers
That calculus suddenly changed after Pyongyang in July tested two ICBMs - the first time Kim had demonstrated such a capability.

North Korea says it has freed Canadian prisoner
In December, the North's highest court sentenced Lim to life in prison with hard labor, citing his "subversive plots" against the North's regime.

J Kumar Infra branded shell company despite bagging Delhi, Mumbai metro projects
According to the above-mentioned source, a large number of these companies flagged by SEBI operate from West Bengal. These companies would also be subject to independent audit and also a forensic audit to examine their financials.

Land Rover Discovery Launch In October; Deliveries To Commence Post Launch
While the previous model had a more squarish profile, the new iteration looks a lot more sophisticated and sleeker in design. The Land Rover Discovery competes in the luxury SUV segment against the Mercedes-Benz GLS, Audi Q7 , and the Volvo XC90.

Half of Israelis Believe Netanyahu Might be Guilty of Alleged Corruption
The existence of such tapes came to public light in January, first reported by Israel's Channel 2 investigative program. "I would like to tell you, citizens of Israel, that I do not heed background noises", he said.

'Simran' - Could it be Kangana Ranaut's next masterpiece ?
Last month, filmmaker Karan Johar along with actors Saif Ali Khan and Varun Dhawan took a jibe at Kangana during the IIFA awards. Twitteratis bashed the trio for attacking Kangana in a public space, which made them apologize in their own ways.

China is creating the border problem: Meghnad Desai
US President Donald Trump while welcoming PM Modi in White House in June this year said, "India has a true friend in White House". Beijing considers this plateau vital to fortify the dagger- ship Chumbi valley by piercing the tri-junction.

North Korea threatened Guam numerous times in the past
Charfauros added that Guam's authorities "will continue to keep the public updated on any changes or requests for action". A news release from Pacific Air Forces says the B-1s flew to Japanese airspace and joined Japanese F-2 fighter jets.