Fossil Receives a Sell from Buckingham

By Ryan Adsit

Buckingham analyst Scott Krasik maintained a Sell rating on Fossil (NASDAQ: FOSL) today and set a price target of $8. The company’s shares closed yesterday at $9.04.

According to TipRanks.com, Krasik is a 4-star analyst with an average return of 11.5% and a 65.8% success rate. Krasik covers the Consumer Goods sector, focusing on stocks such as Deckers Outdoor, Electronic Arts, and Steven Madden.

Fossil has an analyst consensus of Moderate Sell, with a price target consensus of $12.

Based on Fossil’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $921 million and GAAP net loss of $79.9 million. In comparison, last year the company earned revenue of $959 million and had a net profit of $49.7 million.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FOSL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The company was founded by Tom Kartsotis in 1984 and is headquartered in Richardson, TX.