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Stock Jumping Abnormally High: Fossil Group, Inc. (NASDAQ:FOSL)

16 February, 2017, 00:20 | Author: Paula Vaughn
  • Fossil Tanks 15% on Weak Q4 Earnings, Even Weaker Revenues

The Company's segments are Americas, Europe and Asia. Its products are distributed globally through various distribution channels including wholesale retail stores and commercial Websites. On a 1-5 scale, Fossil Group, Inc. has a rating of 3.38 comprised of the 10 ratings.

Fossil Group, Inc. has 52-Week high of $51.93 and 52-Week Low of $22.46. The company managed to top estimates on the bottom line with earnings per share of $1.36, adjusted for restructuring and other costs, which was above consensus estimates calling for $1.18 per share. The stock stands almost -55.96% off versus the 52-week high and 1.83% away from the 52-week low.

V.F. Corporation (NYSE:VFC) closed up +0.48 points or 0.95% at $50.87 with 3.67 mln shares exchanging hands.

Fossil Group Inc has a 52 week low of $22.46 and a 52 week high of $51.93 with a P/E ratio of 11.35 The company's market cap is now $0.

Fossil Group, Inc. (FOSL) is in Piper Jaffray's research list so their analyst rating change is noteworthy. Earnings per share were $1.03, compared to $1.46. The Moving Average SMA50 is -15.78% while SMA200 is -21.73%.

Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The company's P/E is 11.09 and Forward P/E ratio is 12.59. "The recent announcement by the company to double its wearables production and add new brands in 2017 show that there is high demand for wearables". Also, Director Elaine B. Agather sold 1,800 shares of Fossil Group stock in a transaction that occurred on Thursday, December 15th. KeyBanc Upgrades the company's stock to Overweight on 11/16/16 with no specific Price Target. Analysts mean target price for Fossil Group, Inc. The median estimate represents a +9.27% increase from the last price of 22.88. Buckingham Research began coverage on shares of Fossil Group in a report on Wednesday, October 26th.

Fossil Tanks 15% on Weak Q4 Earnings, Even Weaker Revenues
Fossil Group Inc (NASDAQ:FOSL) Shares Are Downgraded To A Strong Sell Rating

Earnings Surprise: According to the earnings report released for Quarter Ending_Sep-16, The Company posted actual earnings of $0.36 per share whereas the Analysts projected earnings were $0.31 per share. The reported EPS for the same quarter previous year was $1.74. "We'll continue to maximize the power of our owned brands and with an emphasis on innovation, work to stabilize and grow our licensed brands", said Kosta Kartsotis, CEO of Fossil Group.

Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals.

Zacks Investment Research also rated the stock with a value of 3.38.

"On basis of 10 analysts" recommendations, consensus price is $26.5.

In related news, insider Darren E. Hart sold 13,125 shares of the company's stock in a transaction dated Friday, December 9th. The company has the market capitalization of $100.78 Billion. The stock stands almost $17.01 off versus the 52-week high of $67.1 and $2.04 above the 52-week low of $48.05. Revenue of 685.4M for that quarter was above the $671.86M analysts had expected. This shows a surprise factor of 5.4 percent. Whilst it is true that the higher the ROE the better the company is performing, ROE does have a weakness. Beta for The Goldman Sachs Group, Inc. stands at 1.51 while its ATR (average true range) is 4.7. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -8.43% where SMA50 and SMA200 are -17.11% and -22.19% respectively.

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