Fossil Group, Inc. (NASDAQ:FOSL) shares saw a recent bid of $8.20 and 5.57M shares have exchanged hands in the recent trading session, yielding a -29.55% decline over the past week.FOSL price decreased -6.92% or $0.61 versus $8.81 at the end of the prior session. This change led market cap to move at $426.97M, putting the price -77.76% below the 52-week high and -2.03% above the 52-week low. The company’s stock has a normal trading capacity of 2.78M shares while the relative volume is 2.00.
Is Fossil Group, Inc. (NASDAQ:FOSL) Worth Buying?
By historical standards, Fossil Group, Inc. (NASDAQ:FOSL) remains a cheap stock. FOSL’s current price-earnings ratio amounts above the average P/E ratio of 26.96 times earnings. For now, FOSL is the toast of Wall Street as its ABR stands at 3.30 with 0 out of 11 analysts rating the stock a buy. Over the short term, some market observers may have noticed that It has a 25.14% short float with 15 days to cover. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Company has far performed well this year, with the share price down -68.29% since January. Over the past 2 quarters, Fossil Group, Inc. (NASDAQ:FOSL) is down -64.16%, compared with a fall of nearly -37.55% for 3 months and about -16.33% for the past 30 days.
Fossil Group, Inc. (FOSL) Has Mean Target Price of $10.00
To stay one step ahead we extended our research by comparing different price targets. Fossil Group, Inc. (NASDAQ:FOSL) notched a 12-month high of $11.11 while $24.00 target is by far the most aggressive out of analysts who are currently evaluating FOSL, $12.89 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $7.00, which would be decrease of about -15% of its current value. The mean target of $10.00 should be compared with the price when the stock was languishing around $8.37 a share. And it remains to be seen which target price FOSL can achieve without sacrificing much as the company is holding a -74.33% fall for the past twelve months.
Fossil Group, Inc. Revenue Estimate is $2.78 Billion
Last time, the company shocked Wall Street by reporting EPS of $-0.40, smashing the consensus of $-0.46 per share. Revenue for the quarter also did not kill consensus, coming in at $596.8 Million, compared to the consensus of 617.9 Million. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $-0.17. The company is expected to report EPS as high as $-0.05 and as low as $-0.41 per share. Similarly, full-year EPS forecasts have ranged between $0.28 and $0.80. The mean EPS estimate is $0.54. On the other side, sales forecasts for the current quarter are $652.66 Million. The stock is expected to report revenue as high as $679.1 Million and as low as $632.72 Million per share. Similarly, full-year sales forecasts have ranged between $2.71 Billion and $2.89 Billion. The mean revenue estimate is $2.78 Billion.
Over the last 5 years, Fossil Group, Inc. has averaged a -18.70% YoY EPS growth rate and a 3.50% revenue growth rate. Analysts are expecting EPS growth rates to be at -63.80% this quarter and EPS estimate for next year reflect 54.04% growth rate.
What Guru’s think About Is Fossil Group, Inc. (NASDAQ:FOSL)
Sell-side analysts also have something to say about this FOSL. Telsey Advisory Group analysts stated on 09/08/2017 that they maintained their Market Perform rating. Buckingham Research raised its rating on Fossil Group, Inc. to Neutral on 20/06/2017 in a reversal from its prior Underperform rating. Telsey Advisory Group analysts stated on 10/05/2017 that they maintained their Market Perform rating. Macquarie analysts stated on 03/03/2017 that they maintained their Underperform rating.