Revenue Update on Fossil Group Inc(NASDAQ:FOSL)

Fossil Group Inc(NASDAQ:FOSL) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $959.200M. Analysts estimated a revenue of $980.060M. The revenues were -2.13% below the estimates. Earnings per share were $1.32. The reported EPS was above estimates by 10%. Analysts had estimated an EPS of $1.2.

In a different note, On Feb 10, 2017, Mizuho said it Downgrades its rating on Fossil Group Inc. According to the research note, Mizuho Lowers the price target to $19 per share from a prior target of $25. The shares have been rated ‘Underperform’ by the firm. On Feb 1, 2017, Evercore ISI Group said it Downgrades its rating on Fossil Group Inc. The shares have been rated ‘Hold’ by the firm.

Fossil Group Inc (FOSL) made into the market gainers list on Wednesdays trading session with the shares advancing 0.10% or 0.02 points. Due to strong positive momentum, the stock ended at $19.9, which is also near the day’s high of $20.14. The stock began the session at $19.89 and the volume stood at 9,59,257 shares. The 52-week high of the shares is $51.93 and the 52 week low is $18.1. The company has a current market capitalization of $958 M and it has 4,81,32,991 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 16, 2016, Elaine B Agather (director) sold 1,800 shares at $31.76 per share price.Also, On Dec 12, 2016, Darren E. Hart (Executive Vice President) sold 13,125 shares at $34.42 per share price.On Dec 10, 2015, Elysia Holt Ragusa (director) sold 2,718 shares at $37.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Fossil Group Inc. is a global designer marketer and distributor company that specializes in consumer fashion accessories. The Company’s offerings include a line of men’s and women’s fashion watches and jewelry handbags small leather goods belts sunglasses soft accessories and select apparel. The Company operates in four different segments: the North America Wholesale segment the Europe Wholesale segment Asia Pacific Wholesale segment and the Direct to Consumer segment. Its products are distributed globally through various distribution channels including wholesale retail stores and commercial Websites. The Company sells its products through a diversified distribution network that includes department stores specialty retail locations specialty watch and jewelry stores Company-owned retail and factory outlet stores mass market stores and through its FOSSIL Website.

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