In the last trading session, 1.04 million shares of the Fossil Group Inc. (NASDAQ:FOSL) were traded, and its beta was 2.04. Most recently the company’s share price was $2.30, and it changed around $0.21 or 10.05% from the last close, which brings the market valuation of the company to $126.45M. FOSL currently trades at a discount to its 52-week high of $7.55, offering almost -228.26% off that amount. The share price’s 52-week low was $1.89, which indicates that the current value has risen by an impressive 17.83% since then. We note from Fossil Group Inc.’s average daily trading volume that its 10-day average is 1.59 million shares, with the 3-month average coming to 632.15K.
Fossil Group Inc. stock received a consensus recommendation rating of an Underweight, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended FOSL as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight. Fossil Group Inc. is expected to report earnings per share of $0 for the current quarter.
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Fossil Group Inc. (NASDAQ:FOSL) trade information
Instantly FOSL has showed a green trend with a performance of 10.05% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.34 on Tuesday, 05/23/23 increased the stock’s daily price by 1.71%. The company’s shares are currently down -46.64% year-to-date, but still up 18.56% over the last five days. On the other hand, Fossil Group Inc. (NASDAQ:FOSL) is -34.66% up in the 30-day period. We can see from the shorts that 1.6 million shares have been sold at a short interest cover period of 3.53 day(s).
The consensus price target as assigned by Wall Street analysts is $2.50, which translates to bulls needing to increase their stock price by 8.0% from its current value. Analyst projections state that FOSL is forecast to be at a low of $2.50 and a high of $2.50. In order for the stock price to hit the forecast high, the stock would need to plunge -8.7% from its current level, while the stock would need to crash -8.7% from its current level to reach the projected low.
Fossil Group Inc. (FOSL) estimates and forecasts
The year-over-year growth rate is expected to be -27.30%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $435.5 million in revenue for the current quarter. 1 analysts expect Fossil Group Inc. to make $528.1 million in revenue for the quarter ending Dec 2020. The company’s sales for the same quarters a year ago were $539.49 million and $711.6 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -19.30%. Forecasts for the next quarter put sales growth at -25.80%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 37.80%. Fossil Group Inc. earnings are expected to increase by -276.80% in 2023, but the outlook is positive 14.90% per year for the next five years.
Fossil Group Inc.’s next quarterly earnings report is expected to be released around August 08 and August 14.
Fossil Group Inc. (NASDAQ:FOSL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.69% of Fossil Group Inc. shares, and 71.70% of them are in the hands of institutional investors. The stock currently has a share float of 79.39%. Fossil Group Inc. stock is held by 160 institutions, with Blackrock Inc. being the largest institutional investor. By Mar 30, 2023, it held 5.91% of the shares, which is about 3.1 million shares worth $9.92 million.
FMR, LLC, with 5.46% or 2.86 million shares worth $9.16 million as of Mar 30, 2023, holds the second largest percentage of outstanding shares.
Fidelity Low-Priced Stock Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jan 30, 2023. The former held 3.55 million shares worth $20.15 million, making up 6.84% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 1.55 million shares worth around $6.69 million, which represents about 2.99% of the total shares outstanding.