From what 11 stock analysts predict, the share price for Fossil Group Inc (FOSL) might decrease by 100% in the next year. This is based on a 12-month average estimation for FOSL. Price targets go from $ to $. The majority of stock analysts believe FOSL is a hold. Please note analyst price targets are not guaranteed and could be missed completely.
About 11 Wall Street analysts have assigned FOSL 1 buy ratings, 7 hold ratings, and 3 sell ratings. This means that analysts expect Fossil Group Inc to generate similar returns as the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on FOSL. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of FOSL.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Ike Boruchow Wells Fargo | Underweight | $2.5 | Maintains | Mar 16, 2020 |
Wells Fargo | Underperform | $6 | Maintains | Nov 7, 2019 |
Keybanc | Sector Weight | Downgrade | Nov 7, 2019 | |
KeyBanc | Sector Weight | Downgrade | Nov 7, 2019 | |
KeyBanc | Overweight | Maintains | Aug 8, 2018 | |
Edward Yruma Keybanc | Overweight | $33 | Maintains | Aug 8, 2018 |
Edward Yruma Keybanc | Overweight | $35 | Maintains | Jun 4, 2018 |
KeyBanc | Overweight | Maintains | Jun 4, 2018 | |
KeyBanc | Overweight | Maintains | Feb 14, 2018 | |
Edward Yruma Keybanc | Overweight | $25 | Maintains | Feb 14, 2018 |
Scott Krasik Buckingham Research | Underperform | $8 | Maintains | Feb 14, 2018 |
Buckingham | Underperform | Maintains | Feb 14, 2018 | |
Heather Balsky B of A Securities | Underperform | $4 | Maintains | Nov 8, 2017 |
Edward Yruma Keybanc | Overweight | $15 | Maintains | Nov 8, 2017 |
Scott Krasik Buckingham Research | Neutral | $5 | Maintains | Nov 8, 2017 |
KeyBanc | Overweight | Maintains | Nov 8, 2017 | |
Bank of America | Underperform | Maintains | Nov 8, 2017 | |
Buckingham | Neutral | Maintains | Nov 8, 2017 | |
Buckingham | Neutral | Maintains | Aug 9, 2017 | |
Scott Krasik Buckingham Research | Neutral | $9 | Maintains | Aug 9, 2017 |
When did it IPO
1993
Staff Count
6,100
Country
United States
Sector/Industry
Consumer Cyclical/Footwear & Accessories
CEO
Mr. Franco Fogliato
Market Cap
$104.8M
In 2023, FOSL generated $1.41B in revenue, which was a decrease of -16.05% from the previous year. This can be seen as a signal that FOSL's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Fossil Group shares rose 61% on Dec. 2 after insider buying by the new CEO. Recent earnings show potential for a turnaround amid mixed results.
Why It Matters - Fossil Group's CEO buying shares signals confidence, potentially boosting investor sentiment. A successful turnaround could lead to significant share price gains, attracting more investment.
Summary - Fossil Group, Inc. (NASDAQ:FOSL) will hold its Q3 2024 Earnings Conference Call on November 7, 2024, at 5:00 PM ET, featuring key company executives.
Why It Matters - Fossil Group's Q3 earnings call may reveal key financial performance insights and strategic direction, impacting stock valuation and investor sentiment.
Summary - FOSL's Q3 2024 reports narrower losses and improved margins from cost-cutting under its TAG Plan, despite a 16.4% revenue decline due to decreased demand.
Why It Matters - FOSL's narrower losses and improved margins indicate better operational efficiency, which may signal potential recovery, despite declining revenues, influencing investor sentiment positively.
Summary - Fossil Group, Inc. reported Q3 2024 net sales of $288 million, a 16% decline. The company remains on track for at least $100 million in annualized savings in 2024 under its TAG Plan.
Why It Matters - Fossil Group's plan for $100 million in annualized savings indicates potential for improved profitability, despite a sales decline, which may stabilize investor confidence and impact stock performance.
Summary - Fossil Group, Inc. appointed Franco Fogliato as CEO, effective September 18, 2024, succeeding Jeffrey Boyer, who will return to COO and leave the Board.
Why It Matters - Franco Fogliato's appointment as CEO may signal a strategic shift for Fossil Group, impacting future performance and investor sentiment as leadership changes can affect company direction.
Summary - Toyota Motor, IBM, Stryker, and Fossil Group are highlighted in a recent Analyst Blog, indicating potential investment interest or analysis on these companies.
Why It Matters - The inclusion of Toyota, IBM, Stryker, and Fossil Group in an analyst blog suggests potential investment insights or recommendations, impacting stock performance and investor sentiment.