Fossil Group Downgraded On Concerns About Wearables Business

Fossil Group Inc

It opened the session with a $22.86 price tag, later ranging from $22.8 to $23.49, the range at which the stock has traded at throughout the day. Q1 revenues are seen falling 9.5% to 13% to $574 to $597 million, also badly short of analysts' $659.18 million estimate.

After Tuesday's market close, the Richardson, TX-based company reported earnings of $1.03 a share on revenue of $959 million. These analysts and investment firms use various valuation methods to decide a price target for a stock. The difference between actual earnings and estimated earnings was $0.05 per share. FOSL's seven period stock performance has resulted in shares declining by a -10.27% and sporting a -31.07% return over the last 12 months. (NASDAQ:FOSL) where 0 analyst have rated the stock as Strong Buy, 2 analysts said it's a Buy, 8 rated the stock as Hold, 2 analysts reported Underperform and 1 analysts gave their recommendations as Sell. (NASDAQ:FOSL) in which Evercore ISI Group Downgrades Fossil Group, Inc.

Price Target plays a critical role when it comes to the Analysis of a Stock. The High end of the forecast is $0.22/share, while the Low end is $-0.06/share. Sather Financial Group Inc raised its stake in shares of Fossil Group by 387.5% in the second quarter. Finally, OTR Global upgraded shares of Fossil Group to a "neutral" rating in a research note on Tuesday, November 1st.

The Goldman Sachs Group, Inc. has distance from 20-day Simple Moving Average (SMA20) of 2.72%, Distance from 50-Day Simple Moving Average of 2.41 percent and Distance from 200-Day Simple Moving Average of 32.63%.

The Average Volume of the company is 3.07 Million, while the Relative Volume of the company is 2.6. The score shows the rating on a scale of 1 to 5, where 1=strong buy and 5=strong sell. "Nonetheless, the guidance is very back-end weighted (58% of sales & 100% earnings in 2H) and the stock is once again in a "show me" stance".

In the wake of earnings, FBR's top analyst Randy Binner maintains a Market Perform rating on AIG, as he remains cautious around margins, reserves, and credit exposure at AIG.

Analysts covering Fossil Group Inc (NASDAQ:FOSL) are predicting the earnings to drop -23.8% in years' time. The stock soared 48.68 percent over the last 6 months. Its price to free cash flow for trailing twelve months is 5.46 and Current ratio for most recent quarter of 3.30. Presently, it has a Return on Equity (ROE) of 10.50% and Return on Investment (ROI) of 12.10%. KeyCorp reissued an "overweight" rating and issued a $42.00 target price on shares of Fossil Group in a research note on Wednesday, December 28th. The reserve charge for FY16 of $5.6B gross was much higher than our $3.8B forecast, which was high on the Street. Revenue of 685.4M for that quarter was above the $671.86M analysts had expected.

Many brokerage firms are involved in issuing their ratings on Fossil Group, Inc. Beta for The Goldman Sachs Group, Inc. stands at 1.51 while its ATR (average true range) is 4.7.

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