<div id="readability-page-1"><p>Fossil Group (NASDAQ:FOSL - Get Free Report) posted its quarterly earnings results on Wednesday. The  accessories brand company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.17), FiscalAI reports. The business had revenue of $280.50 million during the quarter, compared to analyst estimates of $249.28 million. Fossil Group had a negative net margin of 6.32% and a negative return on equity of 18.08%.</p><h2>Fossil Group Stock Up 2.2%</h2><ul><li>This Is What To Expect From The Q2 Reporting Cycle </li></ul><p>NASDAQ FOSL traded up $0.09 on Wednesday, reaching $4.12. The company had a trading volume of 961,565 shares, compared to its average volume of 668,493. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 1.76. The company's fifty day moving average is $3.95 and its 200 day moving average is $3.25. Fossil Group has a 52-week low of $0.86 and a 52-week high of $5.00. The stock has a market capitalization of $225.12 million, a P/E ratio of -3.24 and a beta of 1.68. </p><h2>Institutional Trading of Fossil Group</h2><p>Several institutional investors have recently made changes to their positions in FOSL. Goldman Sachs Group Inc. raised its holdings in shares of  Fossil Group by 43.6% in the first quarter. Goldman Sachs Group Inc. now owns 144,375 shares of the  accessories brand company's stock valued at $166,000 after purchasing an additional 43,849 shares during the last quarter.  Jane Street Group LLC grew its position in  Fossil Group by 93.1% in the 1st quarter. Jane Street Group LLC now owns 42,584 shares of the  accessories brand company's stock worth $49,000 after purchasing an additional 20,530 shares in the last quarter.  Acadian Asset Management LLC increased its stake in  Fossil Group by 154.1% in the 1st quarter. Acadian Asset Management LLC now owns 459,023 shares of the  accessories brand company's stock valued at $527,000 after buying an additional 278,391 shares during the last quarter.  XTX Topco Ltd bought a new position in shares of  Fossil Group during the 2nd quarter worth approximately $122,000.  Finally, Nantahala Capital Management LLC boosted its stake in shares of  Fossil Group by 21.5% in the 2nd quarter. Nantahala Capital Management LLC now owns 5,087,803 shares of the  accessories brand company's stock worth $7,530,000 after buying an additional 898,626 shares during the last quarter. Institutional investors own  61.14% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Fossil Group: Should You Bet On Consumer Discretionary In 2023? </li></ul><p>A number of research analysts have weighed in on the stock. Northland Securities assumed coverage on shares of Fossil Group in a research note on Thursday, February 19th. They issued an &#34;outperform&#34; rating and a $7.00 price objective on the stock. Weiss Ratings  reissued a &#34;sell (d-)&#34; rating on shares of Fossil Group in a research report on Thursday, January 22nd. Finally, Zacks Research raised shares of Fossil Group to a &#34;hold&#34; rating in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating, one  has assigned  a Hold rating and one  has issued  a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of &#34;Hold&#34; and an average target price of $6.00.</p><p><b>View Our Latest Stock Report on Fossil Group</b></p><h2>Fossil Group Company Profile</h2> (Get Free Report)<p>Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.  </p><p>The group's wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Fossil Group</li><li>The gold chart Wall Street is terrified of…</li><li>What a Former CIA Agent Knows About the Coming Collapse</li><li>Elon Musk already made me a “wealthy man”</li><li>Unlocked: Elon Musk’s Next Big IPO</li><li>1,500 Banks Just Handed the Fed Your Bank Account</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Rk9TTA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Rk9TTA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Fossil Group Right Now?</h2><p>Before you consider Fossil Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fossil Group wasn't on the list.</p><p>While Fossil Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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FOSL

<p>Fossil Group (NASDAQ:FOSL) reported quarterly earnings of ($0.15) EPS, missing estimates by $0.17. Revenue was $280.50 million, exceeding expectations of $249.28 million. The company has a negative net margin of 6.32% and a negative return on equity of 18.08%. The stock rose 2.2% to $4.12, with institutional investors holding 61.14% of shares. Analysts have mixed ratings, with a consensus rating of "Hold" and an average target price of $6.00. Fossil Group specializes in fashion accessories, including watches and wearable technology.</p>

Fossil Group (NASDAQ:FOSL) Releases Earnings Results, Misses Estimates By $0.17 EPS