Fossil Group Inc. [NASDAQ: FOSL] traded at a high on 05/27/21, posting a 13.91 gain after which it closed the day’ session at $15.15. The company report on May 13, 2021 that Fossil Group, Inc. Reports First Quarter 2021 Financial Results.
Achieves New World Fossil 2.0 Program Financial Targets; Increases Full Year 2021 Outlook.
Fossil Group, Inc. (NASDAQ: FOSL) announced financial results for the first quarter ended April 3, 2021.
The results of the trading session contributed to over 2152372 shares changing hands. Over the past one week, the price volatility of Fossil Group Inc. stands at 8.29% while the volatility over the past one month is 8.60%.
The market cap for FOSL stock reached $772.20 million, with 51.52 million shares outstanding and 47.18 million shares in the current float. Compared to the average trading volume of 774.02K shares, FOSL reached a trading volume of 2152372 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Fossil Group Inc. [FOSL]?
Telsey Advisory Group have made an estimate for Fossil Group Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on February 27, 2020. The new note on the price target was released on November 07, 2019, representing the official price target for Fossil Group Inc. stock. Previously, the target price had yet another drop from $15 to $12, while Telsey Advisory Group kept a Market Perform rating on FOSL stock. On February 14, 2019, analysts decreased their price target for FOSL shares from 17 to 15.
The Average True Range (ATR) for Fossil Group Inc. is set at 1.06, with the Price to Sales ratio for FOSL stock in the period of the last 12 months amounting to 0.49. The Price to Book ratio for the last quarter was 1.91, with the Price to Cash per share for the same quarter was set at 4.84. Price to Free Cash Flow for FOSL in the course of the last twelve months was 5.83 with Quick ratio for the last quarter at 1.20.
How has FOSL stock performed recently?
Fossil Group Inc. [FOSL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 27.85. With this latest performance, FOSL shares gained by 20.33% in over the last four-week period, additionally plugging by 31.40% over the last 6 months – not to mention a rise of 373.44% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FOSL stock in for the last two-week period is set at 64.77, with the RSI for the last a single of trading hit 71.21, and the three-weeks RSI is set at 60.20 for Fossil Group Inc. [FOSL]. The present Moving Average for the last 50 days of trading for this stock 12.66, while it was recorded at 12.91 for the last single week of trading, and 10.60 for the last 200 days.
Fossil Group Inc. [FOSL]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Fossil Group Inc. [FOSL] shares currently have an operating margin of -4.26 and a Gross Margin at +47.52. Fossil Group Inc.’s Net Margin is presently recorded at -5.96.
Return on Total Capital for FOSL is now -6.78, given the latest momentum, and Return on Invested Capital for the company is -10.52. Return on Equity for this stock declined to -20.40, with Return on Assets sitting at -6.23. When it comes to the capital structure of this company, Fossil Group Inc. [FOSL] has a Total Debt to Total Equity ratio set at 119.09. Additionally, FOSL Total Debt to Total Capital is recorded at 54.36, with Total Debt to Total Assets ending up at 35.37. Long-Term Debt to Equity for the company is recorded at 94.85, with the Long-Term Debt to Total Capital now at 43.29.
Reflecting on the efficiency of the workforce at the company, Fossil Group Inc. [FOSL] managed to generate an average of -$12,813 per employee. Receivables Turnover for the company is 5.99 with a Total Asset Turnover recorded at a value of 1.05.Fossil Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.90.
Earnings analysis for Fossil Group Inc. [FOSL]
With the latest financial reports released by the company, Fossil Group Inc. posted -0.15/share EPS, while the average EPS was predicted by analysts to be reported at 0.09/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -266.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FOSL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fossil Group Inc. go to 14.90%.
Insider trade positions for Fossil Group Inc. [FOSL]
There are presently around $570 million, or 88.50% of FOSL stock, in the hands of institutional investors. The top three institutional holders of FOSL stocks are: FMR LLC with ownership of 7,728,804, which is approximately 1.41% of the company’s market cap and around 9.60% of the total institutional ownership; BLACKROCK INC., holding 7,692,538 shares of the stock with an approximate value of $102.31 million in FOSL stocks shares; and CONTRARIUS INVESTMENT MANAGEMENT LTD, currently with $52.56 million in FOSL stock with ownership of nearly -7.163% of the company’s market capitalization.
Positions in Fossil Group Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 64 institutional holders increased their position in Fossil Group Inc. [NASDAQ:FOSL] by around 4,366,464 shares. Additionally, 81 investors decreased positions by around 4,306,821 shares, while 11 investors held positions by with 34,214,873 shares. The mentioned changes placed institutional holdings at 42,888,158 shares, according to the latest SEC report filing. FOSL stock had 26 new institutional investments in for a total of 2,244,130 shares, while 19 institutional investors sold positions of 663,381 shares during the same period.