Fossil CEO Kartsotis cuts his stake in the Texas-based fashion brand

Media headlines about Fossil Group (NASDAQ:FOSL) have been trending positive this week, according to AlphaOne.

Investors are feeling more bearish on shares of the company of late as inferred by the rise in short interest. The Corbyn Investment Management Inc holds 275,547 shares with $4.66 million value, down from 347,217 last quarter.

FOSL has been the topic of a number of research analyst reports. Fossil Group earned a daily sentiment score of 0.31 on AlphaOne's scale. GSA Capital Partners LLP increased its stake in shares of Fossil Group by 50.9% in the fourth quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Fossil Group during the fourth quarter valued at $217,000. Dimensional Fund Advisors LP raised its stake in Fossil Group by 55.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 14,300 shares of the textile maker's stock worth $250,000 after buying an additional 2,500 shares in the last quarter. The SI to Fossil Group Incorporated's float is 29.57%. Fossil's stock closed at $9.20 a share on Friday, down 64 percent so far this year. Fossil Group has a 12-month low of $9.31 and a 12-month high of $36.87. Instinet reduced their price target on shares of Fossil Group from $15.00 to $13.00 and set a neutral rating for the company in a research report on Wednesday, May 10th.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Fossil Group, Inc. the EPS stands at -0.35 for the previous quarter, while the analysts predicted the EPS of the stock to be -0.44, suggesting the stock exceeded the analysts' expectations. With 2.77 million avg volume, 4 days are for Fossil Group Incorporated (NASDAQ:FOSL)'s short sellers to cover FOSL's short positions. The textile maker reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.21) by $0.14. Nuveen Asset Ltd Liability Corporation has invested 0% in Fossil Group Inc (NASDAQ:FOSL).

12 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 717.38 million while high and low sale targets are estimated at 750.4 million and 669 million respectively. During the same period past year, the business earned $0.12 EPS. On average, analysts expect that Fossil Group will post $0.84 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: "Piermont Capital Management Inc".

What are top analysts saying about Fossil Group Inc. "(FOSL)" was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another site, it was copied illegally and republished in violation of United States & worldwide trademark & copyright law. The original version of this piece can be viewed at https://www.com-unik.info/2017/06/15/fossil-group-inc-fosl-pt-set-at-12-00-by-wells-fargo-co-updated-updated-updated.html. The firm now has a sell rating on the textile maker's stock. Zacks Investment Research downgraded Fossil Group from a "hold" rating to a "strong sell" rating in a research note on Monday, February 20th. Cowen and Company reduced their price target on shares of Fossil Group from $15.00 to $12.00 and set a market perform rating for the company in a research report on Wednesday, May 10th. While looking the figure depicted by the Price to Earning we can suggest that the shares of Fossil Group, Inc. Finally, Piper Jaffray Companies reaffirmed a "neutral" rating and set a $18.00 price objective (down from $32.00) on shares of Fossil Group in a report on Thursday, February 16th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock.

Among 17 analysts covering Fossil (NASDAQ:FOSL), 3 have Buy rating, 6 Sell and 8 Hold.

In related news, Chairman Kosta N. Kartsotis sold 520,281 shares of the company's stock in a transaction dated Friday, June 9th. Following the completion of the sale, the chairman now owns 3,445,546 shares of the company's stock, valued at approximately $36,901,797.66. Also, Chairman Kosta N. Kartsotis sold 625,000 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock exchanged hands 3.47 Million shares versus average trading capacity of 1.89 Million shares.

Director Elaine B. Agather disclosed the sale of 1,800 shares of (FOSL). It 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.

Related News:

  • 1 dead in crash near London mosque, suspected as terrorism

    A vehicle drove into pedestrians near a mosque in north London , killing at least one person, early on Monday. In a statement , Finsbury Park Mosque said it "condemns in the strongest terms a heinous terrorist attack ".

    Van Hits Worshippers At North London Mosque

    The Sun newspaper said the van hit a crowd of worshipers leaving Finsbury Park mosque and that two people were feared dead . They are continuing to investigate. "No one! No one!" This is not the first time Finsbury Park mosque has been targeted.

    GTA 5 publisher shuts down popular fan-made modding tool

    We are working to figure out how we can continue to support the creative community without negatively impacting our players. Enraged gamers have taken to the GTA V store listing on Steam to voice their anger in a unified manner.
  • Ralph Northam wins Democratic primary for Virginia governor in closely watched race

    Stewart, the former co-chairman of Donald Trump's campaign in Virginia , received 155,716 votes, or 42.53 percent of votes. His opponent, Corey Stewart , was a Donald Trump champion in a state Trump lost in last year's presidential election.

    Real Madrid star Cristiano Ronaldo accused of tax fraud

    When faced by a flurry of questions by journalists on Wednesday, Ronaldo replied: "Clear conscience, always". Last month, tax officials said he paid all his tax declarations in addition to an extra €6m in 2014.

    Cuts Position in Lennar Corporation (LEN)

    A number of hedge funds have recently bought and sold shares of the company. 125 funds opened positions while 283 raised stakes. The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and firms.
  • Suspect Arrested After Colliding With Pedestrians in London

    Transport for London tweeted that Seven Sisters Road was closed northbound at Hornsey Road and southbound at Rock Street. She hailed the "bravery" of locals for detaining the driver at the scene in the north London district of Finsbury Park.

    London mosque attacker: 'I want to kill all Muslims'

    There has been an increase in hate crime reports since the Manchester Arena bombing and the London Bridge attack. A 48-year-old man has been arrested and will undergo a mental health assessment.

    Sam Warburton: 'I could miss first British & Irish Lions Test'

    Dan Biggar (head) has been passed fit while Ireland's Jared Payne has shaken off a calf issue press his claims at full-back. Stuart Hogg faces a fitness battle after failing a Head Injury Assessment (HIA), in a clash unwittingly caused by Murray.
  • London vehicle hits pedestrians, police say 'number' of injuries

    Police confirmed early on Monday that one person had died following the attack, but that person has not yet been named. Vanzella said she went to the window and saw "loads of people gathering" in a corner across the road from her window.
    Britain left 'sombre' by tower inferno, says Queen Elizabeth II

    Britain left 'sombre' by tower inferno, says Queen Elizabeth II

    She also pledged 5 million pounds ($6.39 million) of support, housing guarantees and help with access to bank accounts and cash. First Secretary of State Damian Green has defended the prime minister, saying she was as "distraught as we all are".
    British Airways cabin crew to stage two-week strike

    British Airways cabin crew to stage two-week strike

    British Airways reassured passengers that it would continue to fly all customers to their destinations. The 1,400 Unite members are walking out in a long-running dispute over pay and travel concessions.


Most liked

New Zealand beats Oracle for third time in America's Cup
Burling says the excitment factor of his young crew is keeping them fresh and hungry. "It's quite clear we need to make some changes".

What Will the New iOS 11 Bring?
Apple then provides you a step-by-step instruction you'll need to follow to get the beta running on your device. The iPhone screen will also be locked to prevent drivers from using many of their apps while driving.

Trump confirms he is 'being investigated' for Comey firing
Rosenstein told a closed session of Congress last month that he learned Comey would be dismissed one day before penning his memo. Trump has furiously railed against leaks coming out of his administration and the intelligence community since he took office.

Unorthodox Fakhar Zaman upset Team India bowlers' rhythm, says Virat Kohli
Fakhar lofted Ravindra Jadeja over long-on for six and got to three figures by sweeping Ravichandran Ashwin to the boundary. Little went right for them, in fact, from the moment Kohli put Pakistan in on a glorious morning.

Land & Buildings lays out a plan for Hudson's Bay
Even if the real estate is worth half the Company's estimate, the shares would still be worth double today's share price. The firm has a 50-day moving average price of $10.25 and a 200-day moving average price of $11.34.

What Analysts say About Ascena Retail Grp Cmn (ASNA)?
They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months. In terms of Buy, Sell or Hold recommendations, Ascena Retail Grp Cmn (NASDAQ:ASNA) has analysts' mean recommendation of 3.2.

Jennifer Lopez surprised by spontaneous kiss from Alex Rodriguez during TV interview
The 47-year-old mom of two did reveal that she's "very, very happy", calling the former New York Yankee, 41, "an incredible guy". The Shades Of Blue star recently described the former professional baseball player as a loving and supportive person.

London police say several injured after vehicle rams pedestrians in Finsbury Park
I have also spoken with community organisations in the area, local MP Jeremy Corbyn and leader of the council Richard Watts. The witness mentioned that a police patrol auto , which was passing on the road nearby, immediately drove over to the scene.

United Kingdom to target 'deep partnership' with European Union in Brexit talks: Johnson
The decision of last year's referendum paved the way for the formal Brexit negotiations which today will start in Brussels . How the negotiations progress will be monitored closely by investors and business leaders.

GST to rollout on July 1, two-slabs for lottery, hotel rooms
In relief for AC hotels, the Council chose to raise the threshold for the 28 per cent tax to RS 7,500 from Rs 5,000 at present. The GST is scheduled to be rolled out from July 1 and tax rates have already been fixed for nearly all goods and services.

'Number of casualties' after vehicle strikes London pedestrians
There are reports that another two people leapt out of the van but escaped, although this has yet to be confirmed by police. Forensics officers are examining a white van which has Pontyclun Van Hire on it - a firm from Rhondda Cynon Taff in Wales.

Bill Cosby's attorney says he is anxious about entertainer's health
Victoria Valentino, a former Playboy model who has accused Cosby of drugging and raping her decades ago, had a message for him. Cosby had previously admitted to having an affair, McMonagle said, but that was not what he had been on trial for.

Unseeded Ostapenko defies the odds to win incredible French Open title
World No.47 Ostapenko's average forehand speed at the French Open is just behind Rafa Nadal's and ahead of men's No.1 Andy Murray. Before this competition started, nobody saw her among on the probable quarter-finalists and let alone as a victor .

Several killed in London vehicle collision
The chairman of the mosque, Mohammed Kozbar, described the incident as a " cowardly attack " and said there were many injuries. The attack was a "sickening attempt" to destroy the freedom to worship, the prime minister said outside Downing Street.

Rafael Nadal wins historic 10th French Open title
Nadal powered his way to a 3-0 lead in the second and consolidated the break easily , without even being pushed to deuce. The victory also ended a three-year drought of major titles for Nadal, who won his ninth French Open title in 2014.