Fossil Group Inc. (NASDAQ:FOSL) has a beta value of 1.86 and has seen 0.53 million shares traded in the last trading session. The company, currently valued at $702.91M, closed the last trade at $13.44 per share which meant it lost -$0.04 on the day or -0.30% during that session. The FOSL stock price is -112.8% off its 52-week high price of $28.60 and 59.23% above the 52-week low of $5.48. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.5 million shares traded. The 3-month trading volume is 540.09K shares.
The consensus among analysts is that Fossil Group Inc. (FOSL) is an Underweight stock at the moment, with a recommendation rating of 4.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 1 have rated the stock as Underweight.
Fossil Group Inc. (NASDAQ:FOSL) trade information
Sporting -0.30% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the FOSL stock price touched $13.44 or saw a rise of 6.67%. Year-to-date, Fossil Group Inc. shares have moved 55.02%, while the 5-day performance has seen it change -3.79%. Over the past 30 days, the shares of Fossil Group Inc. (NASDAQ:FOSL) have changed 10.53%. Short interest in the company has seen 4.63 million shares shorted with days to cover at 5.77.
Wall Street analysts have a consensus price target for the stock at $2.50, which means that the shares’ value could drop -437.6% from current levels. The projected low price target is $2.50 while the price target rests at a high of $2.50. In that case, then, we find that the current price level is 81.4% off the targeted high while a plunge would see the stock lose 81.4% from current levels.
Fossil Group Inc. (FOSL) estimates and forecasts
The company’s shares have lost -23.90% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -27.30%.
1 analysts offering their estimates for the company have set an average revenue estimate of $435.5 million for the current quarter. 1 have an estimated revenue figure of $528.1 million for the next quarter concluding in Dec 2020. Year-ago sales stood $539.49 million and $711.6 million respectively for this quarter and the next, and analysts expect sales will shrink by -19.30% for the current quarter and -25.80% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -19.30% over the past 5 years. Earnings growth for 2021 is a modest -80.30% while over the next 5 years, the company’s earnings are expected to increase by 14.90%.
Fossil Group Inc. is expected to release its next earnings report between November 09 and November 15 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Fossil Group Inc. (NASDAQ:FOSL)’s Major holders
Insiders own 9.34% of the company shares, while shares held by institutions stand at 88.50% with a share float percentage of 97.61%. Investors are also buoyed by the number of investors in a company, with Fossil Group Inc. having a total of 208 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 7.73 million shares worth more than $95.84 million. As of Mar 30, 2021, FMR, LLC held 14.84% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 7.69 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $95.39 million and represent 14.77% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Low-Priced Stock Fund and iShares Core S&P Smallcap ETF. As of Jan 30, 2021, the former fund manager holds about 7.83% shares in the company for having 4.08 million shares of worth $59.1 million while later fund manager owns 3.13 million shares of worth $44.26 million as of May 30, 2021, which makes it owner of about 6.02% of company’s outstanding stock.