Oppenheimer Assigned a Hold Rating to Fossil

By Jason Carr

In a report released yesterday, Anna Andreeva from Oppenheimer assigned a Hold rating to Fossil (NASDAQ: FOSL). The company’s shares closed yesterday at $24.71, close to its 52-week low of $24.26.

According to TipRanks.com, Andreeva is a 3-star analyst with an average return of 0.5% and a 39.1% success rate. Andreeva covers the Services sector, focusing on stocks such as Ascena Retail Group, Abercrombie Fitch, and Children’s Place.

Currently, the analyst consensus on Fossil is Moderate Sell and the average price target is $21.50, representing a -13.0% downside.

In a report issued on October 25, Wells Fargo also reiterated a Hold rating on the stock.

Fossil’s market cap is currently $1.19B and has a P/E ratio of 8.55. The company has a book value ratio of 1.2581.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is neutral on the stock. Most recently, in December 2015, Elysia Holt Ragusa, a Director at FOSL sold 2,718 shares for a total of $100,756.

Fossil Group, Inc. designs, markets and distributes consumer fashion accessories. Its products include men’s and women’s fashion watches, jewelry, handbags, small leather goods, belts, sunglasses, shoes, soft accessories and clothing which are sold through department stores, specialty retail locations, specialty watch and jewelry stores, owned retail and factory outlet stores, mass market stores, owned, and affiliate internet sites. It operates through the following segments: Americas, Europe, and Asia. The Americas segment includes sales to customers based in Canada, Latin America, and the United States. The Europe segment comprises of sales to customers based in European countries, the Middle East, and Africa. The Asia segment consists of sales to customers based in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan, and Thailand. The company was founded by Tom Kartsotis in 1984 and is headquartered in Richardson, TX.