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.

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