Can Fossil Group, Inc. (FOSL)’s Tomorrow be Different? The Stock Just Broke Its High

June 18, 2018 - By Ann Prendergast

Fossil Group, Inc. (NASDAQ:FOSL) Logo

Investors sentiment increased to 1.31 in Q1 2018. Its up 0.28, from 1.03 in 2017Q4. It increased, as 21 investors sold Fossil Group, Inc. shares while 41 reduced holdings. 34 funds opened positions while 47 raised stakes. 43.96 million shares or 6.65% less from 47.10 million shares in 2017Q4 were reported.
The Illinois-based Ubs Asset Americas Inc has invested 0% in Fossil Group, Inc. (NASDAQ:FOSL). Teachers Retirement System Of The State Of Kentucky owns 14,600 shares. Gradient Invests owns 2 shares. Dimensional Fund Advsrs Lp stated it has 0.01% of its portfolio in Fossil Group, Inc. (NASDAQ:FOSL). California State Teachers Retirement System holds 0% or 86,820 shares in its portfolio. Principal Financial holds 331,842 shares or 0% of its portfolio. Commerzbank Aktiengesellschaft Fi stated it has 531,487 shares. Metropolitan Life Company Ny holds 0% of its portfolio in Fossil Group, Inc. (NASDAQ:FOSL) for 13,557 shares. Pinebridge Invs Lp reported 0.02% stake. Parametric Portfolio Assoc Ltd Company has 629,931 shares for 0.01% of their portfolio. New York-based Citigroup has invested 0% in Fossil Group, Inc. (NASDAQ:FOSL). Public Employees Retirement Association Of Colorado owns 8,461 shares or 0% of their US portfolio. Bluemountain Capital Management Limited Liability Company has 0% invested in Fossil Group, Inc. (NASDAQ:FOSL). Nomura accumulated 1,111 shares. Prudential holds 70,916 shares or 0% of its portfolio.

Since March 6, 2018, it had 0 insider buys, and 2 selling transactions for $5.68 million activity.

The stock of Fossil Group, Inc. (NASDAQ:FOSL) hit a new 52-week high and has $30.96 target or 4.00 % above today’s $29.77 share price. The 5 months bullish chart indicates low risk for the $1.47 billion company. The 1-year high was reported on Jun, 18 by Barchart.com. If the $30.96 price target is reached, the company will be worth $58.64 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.95% or $0.28 during the last trading session, reaching $29.77. About 485,014 shares traded. Fossil Group, Inc. (NASDAQ:FOSL) has risen 74.05% since June 18, 2017 and is uptrending. It has outperformed by 61.48% the S&P500.

Analysts await Fossil Group, Inc. (NASDAQ:FOSL) to report earnings on August, 14. They expect $-0.41 EPS, down 78.26 % or $0.18 from last year’s $-0.23 per share. After $-0.99 actual EPS reported by Fossil Group, Inc. for the previous quarter, Wall Street now forecasts -58.59 % EPS growth.

Fossil Group, Inc. (NASDAQ:FOSL) Ratings Coverage

Among 3 analysts covering Fossil Group (NASDAQ:FOSL), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Fossil Group had 4 analyst reports since February 14, 2018 according to SRatingsIntel. The company was maintained on Wednesday, February 14 by KeyBanc Capital Markets. KeyBanc Capital Markets maintained Fossil Group, Inc. (NASDAQ:FOSL) on Monday, June 4 with “Overweight” rating. The rating was maintained by Buckingham Research with “Underperform” on Wednesday, February 14. The stock of Fossil Group, Inc. (NASDAQ:FOSL) has “Hold” rating given on Wednesday, February 14 by Jefferies.

Another recent and important Fossil Group, Inc. (NASDAQ:FOSL) news was published by Fool.com which published an article titled: “Why Fossil Group, Companhia Siderurgica Nacional, and Immunomedics Jumped Today” on June 04, 2018.

Fossil Group, Inc., together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company has market cap of $1.47 billion. The companyÂ’s principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, and soft accessories. It currently has negative earnings. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ADIDAS, ARMANI EXCHANGE, BURBERRY, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.

Fossil Group, Inc. (NASDAQ:FOSL) Institutional Positions Chart

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