Type
|
Public |
---|---|
Traded as | NASDAQ: FOSL S&P 600 Component |
Industry | Recreational Goods |
Founded | 1984 (1984) |
Founder | Tom Kartsotis |
Headquarters | Richardson, Texas, United States |
Number of locations
|
364 |
Key people
|
Tom Kartsotis, Chairman Kosta N. Kartsotis, CEO Michael Barnes , COO Dennis R. Secor , CFO |
Products | Watches, Wallets, Designer Jewelry, Designer Fragrance (Men's & Women's 1984), Women's Handbags, Various Leather Products: Computer Bags, Backpacks, Belts, and much more! |
Revenue |
|
Operating income
|
|
Net income
|
|
Total assets |
|
Total equity |
|
Number of employees
|
14,500 (2016) |
Website | www |
Fossil Group, Inc. is an American fashion designer and manufacturer founded in 1984 by Tom Kartsotis and based in Richardson, Texas. Their brands include Fossil, Relic, Abacus, Michele Watch, Skagen Denmark, Misfit, WSI, and Zodiac Watches. Fossil also makes licensed accessories for brands such as Adidas, Emporio Armani, Karl Lagerfeld, Michael Kors, Marc by Marc Jacobs, Burberry, DKNY, Diesel, Kate Spade New York, Tory Burch, Chaps, and Armani Exchange.
CEO Kosta Kartsotis owns approximately 12.5% of Fossil stock. The company name represents the nickname the brothers had for their father.
Fossil was founded in 1984 as Overseas Products International by Tom Kartsotis, a former Texas A&M University student living in Dallas from a suggestion by his older brother, Kosta Kartsotis, a merchandising executive at Sanger-Harris. Kosta told his younger brother about the potential large profits that could be made in importing retail goods made in the Far East, specifically in importing moderately-priced fashion watches. Their main product was fashion watches with a retro look. In 1990, they introduced leather goods under the Fossil brand, and the Relic line of watches.
Fossil had its initial public offering in 1993.
Zodiac Watches was a Swiss brand that had been operating since 1882 when Fossil acquired it from Genender International in 2001 for $4.7 million. Fossil's desire to establish a Swiss presence led to the purchase of the Zodiac Watch brand and a complete retooling of that line to reflect a retro modern 1970s style in a higher end watch. The 2004 purchase of Michele Watch completed the cycle by offering a high-end Swiss watch with a designer flair.
In September 2007, Fossil was accused of infringing a patent owned by Financial Innovations Systems, LLC, in a lawsuit filed in the Northern District of Texas. The case was settled for an undisclosed amount and dismissed shortly thereafter.
The Watch Station International chain was purchased from Luxottica/Sunglass Hut in December 2007.
Fossil has design studios in Biel, Switzerland close to Rolex as well as manufacturing facilities in China and distribution centers in Dallas, Germany, and Asia.
In 2012 Fossil, Inc. agreed to purchase Skagen Designs, Ltd. and some of its partners for approximately $225 million in cash and 150,000 Fossil shares. The total value paid by Fossil would be approximately $236.8 million.
In early 2013, Fossil introduced their upscale and more expensive "Fossil Swiss" line of watches which are made in Switzerland.
In November 2015, Fossil acquired Misfit for $260 million, with plans to incorporate Misfit's technology into traditional-looking watches.
Fossil has financial success with its own brands and this success has led a number of deals for licensed watch lines. In 2001, Fossil collaborated with designer Philippe Starck to create the Starck with Fossil watch collection. The collection features ultra-modern designs and unique movement. Other licensed watch lines that Fossil designs, manufactures, and distributes include Burberry, DKNY, Emporio Armani, Armani Exchange, Columbia Sportswear, Diesel, Frank Gehry, Karl Lagerfeld, Tory Burch, Kate Spade, Michael Kors, Callaway Golf, Davis Cup, Marc by Marc Jacobs, Skagen Designs, Michele, and Adidas. When referencing Fossil's watch lines, they are generally regarded as a "manufacturer"; Fossil also designs and manufacture their own movements under the Fossil Twist Line.
In addition, the company produces collectibles, some of which are based on popular films or pop culture characters. Previous designs include: Superman; Batman; Wonder Woman; Elvis Presley; Pirates of the Caribbean; Flash; Green Lantern; Snoopy, Pokémon; Star Wars; Chronicles of Narnia; Cars; and The Matrix.
In 2003, the company released the "Fossil Wrist PDA" wristwatch computer which is a tiny Palm OS-based PDA worn like a watch. In 2006, Fossil released a Caller ID watch.
In 2006, Fossil teamed up with the National Football League in the United States to make the official watch collection for each team. Fossil also caters to special markets that seek to customize products.
Fossil won awards for "Most Effective Use of Online Creative" and "Best of Show" awards for the 6th Annual DFWIMA Excellence in Interactive Marketing (in 2006). Fossil has also been voted one of the Top 100 Best Companies to work for in the U.K in 2013 and 2015.
In 2016, Fossil won Fashion Tech Collection of the Year for their connected designer smartwatches and jewelry. Their analog smartwatches and connected jewelry span across their licensed brands such as Diesel, Emporio Armani, Michael Kors, and Kate Spade.
Coordinates: 32°58′47″N 96°42′09″W / 32.9798°N 96.7025°W / 32.9798; -96.7025
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q2 2022 | 2022-08-10 | 0.00 | 0.00 |
Q1 2022 | 2022-05-11 | 0.00 | 0.00 |
Q4 2021 | 2022-03-09 | 0.00 | 0.00 |
Q3 2021 | 2021-11-10 | 0.00 | 0.00 |
Q2 2021 | 2021-08-11 | 0.00 | 0.00 |
Q1 2021 | 2021-05-12 | 0.00 | 0.00 |
Q4 2020 | 2021-03-10 | 0.00 | 0.00 |
Q3 2020 | 2020-11-11 | 0.00 | 0.31 |
Q2 2020 | 2020-08-12 | -0.23 | -0.23 |
Q1 2020 | 2020-06-03 | -1.51 | -1.51 |
2016-06-22 | Reiterated Rating | Piper Jaffray | Underweight | $25.00 |
2016-06-22 | Reiterated Rating | Piper Jaffray Cos. | Underweight | $25.00 |
2016-05-13 | Downgrade | S&P Equity Research | Buy to Strong Sell | $22.00 |
2016-05-13 | Reiterated Rating | Jefferies Group | Hold | $40.00 to $32.00 |
2016-05-13 | Reiterated Rating | Piper Jaffray | Underweight | $29.00 to $25.00 |
2016-05-12 | Reiterated Rating | Oppenheimer | Hold | |
2016-05-12 | Reiterated Rating | Oppenheimer Holdings Inc. | Hold | |
2016-05-11 | Reiterated Rating | Bank of America | Sell | $20.00 |
2016-05-11 | Lower Price Target | Topeka Capital Markets | Buy | $60.00 to $44.00 |
2016-05-11 | Lower Price Target | Telsey Advisory Group | Market Perform | $40.00 to $32.00 |
2016-05-11 | Lower Price Target | Mizuho | Neutral | $36.00 to $27.00 |
2016-05-11 | Reiterated Rating | Bank of America Corp. | Sell | $20.00 |
2016-04-19 | Reiterated Rating | Pacific Crest | Equal Weight | |
2016-03-16 | Downgrade | Macquarie | Neutral to Underperform | $46.85 to $34.00 |
2016-02-18 | Reiterated Rating | Nomura | Hold | $37.00 |
2016-02-18 | Downgrade | Standpoint Research | Buy to Hold | |
2016-02-18 | Reiterated Rating | Nomura Holdings Inc. | Hold | $37.00 |
2016-02-17 | Reiterated Rating | Oppenheimer | Market Perform | |
2016-02-17 | Lower Price Target | Macquarie | Neutral | $35.00 to $34.00 |
2016-02-17 | Reiterated Rating | Stephens | Hold | |
2016-02-17 | Reiterated Rating | Cowen and Company | Hold | $42.00 to $41.00 |
2016-02-17 | Boost Price Target | Telsey Advisory Group | Market Perform | $35.00 to $40.00 |
2016-02-13 | Reiterated Rating | Mizuho | Hold | $30.00 to $36.00 |
2016-02-12 | Lower Price Target | Mizuho | Neutral | $44.00 to $30.00 |
2016-02-12 | Reiterated Rating | Piper Jaffray | Sell | $29.00 |
2016-02-11 | Reiterated Rating | Bank of America | Underperform | $33.00 to $25.00 |
2016-02-03 | Reiterated Rating | Piper Jaffray | Sell | $25.00 |
2016-01-14 | Reiterated Rating | Piper Jaffray | Underweight | $25.00 |
2016-01-04 | Downgrade | Jefferies Group | Buy to Hold | $68.00 to $40.00 |
2015-12-18 | Downgrade | Goldman Sachs | Neutral to Sell | $26.00 |
2015-12-18 | Downgrade | Goldman Sachs Group Inc. | Neutral to Sell | $26.00 |
2015-12-15 | Reiterated Rating | Oppenheimer | Market Perform | |
2015-11-23 | Lower Price Target | Goldman Sachs | $58.00 to $38.00 | |
2015-11-16 | Boost Price Target | Topeka Capital Markets | Buy | $60.00 to $110.00 |
2015-11-15 | Reiterated Rating | Bank of America | Sell | |
2015-11-14 | Reiterated Rating | Nomura | Hold | |
2015-11-14 | Reiterated Rating | Cowen and Company | Hold | $51.00 to $42.00 |
2015-11-13 | Reiterated Rating | Jefferies Group | Buy | $90.00 to $68.00 |
2015-11-13 | Lower Price Target | Evercore ISI | Buy | $70.00 to $55.00 |
2015-11-13 | Downgrade | Oppenheimer | Hold | |
2015-11-13 | Lower Price Target | Bank of America | Underperform | $51.00 to $33.00 |
2015-11-13 | Lower Price Target | Nomura | Neutral | $56.00 to $40.00 |
2015-11-13 | Lower Price Target | Telsey Advisory Group | Market Perform | $56.00 to $48.00 |
2015-11-13 | Lower Price Target | Mizuho | Neutral | $60.00 to $44.00 |
2015-11-11 | Reiterated Rating | Piper Jaffray | Underweight | $46.00 |
2015-11-06 | Reiterated Rating | Cowen and Company | Market Perform | $57.00 to $51.00 |
2015-10-21 | Initiated Coverage | Wells Fargo | Market Perform | |
2015-10-21 | Initiated Coverage | Wells Fargo & Co. | Market Perform | |
2015-10-06 | Downgrade | Oppenheimer | Hold | |
2015-10-05 | Lower Price Target | Piper Jaffray | Underweight | $53.00 to $46.00 |
2015-09-30 | Initiated Coverage | Mizuho | Neutral | $60.00 |
2015-08-16 | Reiterated Rating | Cowen and Company | Hold | $57.00 |
2015-08-14 | Reiterated Rating | Nomura | Hold | |
2015-08-13 | Reiterated Rating | S&P Equity Research | Buy | $70.00 |
2015-08-12 | Reiterated Rating | Macquarie | Neutral | $85.00 to $62.00 |
2015-08-12 | Lower Price Target | KeyBanc | Underweight | $65.00 to $60.00 |
2015-08-12 | Lower Price Target | Jefferies Group | Buy | $115.00 to $90.00 |
2015-08-12 | Reiterated Rating | Cowen and Company | Market Perform | $65.00 to $57.00 |
2015-08-12 | Lower Price Target | Piper Jaffray | $53.00 | |
2015-08-12 | Lower Price Target | Oppenheimer | Market Perform | $85.00 to $70.00 |
2015-08-12 | Lower Price Target | Telsey Advisory Group | Market Perform | $70.00 to $66.00 |
2015-08-12 | Lower Price Target | Nomura | Neutral | $75.00 to $56.00 |
2015-08-12 | Reiterated Rating | Topeka Capital Markets | Buy | $110.00 |
2015-08-12 | Lower Price Target | KeyCorp | Underweight | $65.00 to $60.00 |
2015-08-10 | Reiterated Rating | Piper Jaffray | Underweight | $65.00 to $60.00 |
2015-08-07 | Reiterated Rating | Telsey Advisory Group | Market Perform | $94.00 to $70.00 |
2015-07-01 | Reiterated Rating | KeyBanc | Sell | $68.00 to $65.00 |
2015-06-10 | Reiterated Rating | Piper Jaffray | Underweight | $65.00 |
2015-05-28 | Reiterated Rating | Piper Jaffray | Underweight | $72.00 to $65.00 |
2015-05-10 | Reiterated Rating | Sterne Agee CRT | Neutral | $83.00 |
2015-05-06 | Reiterated Rating | Piper Jaffray | Underweight | $72.00 |
2015-05-06 | Set Price Target | Jefferies Group | Buy to Buy | $130.00 to $115.00 |
2015-05-06 | Lower Price Target | Barclays | Underweight | $80.00 to $75.00 |
2015-05-06 | Reiterated Rating | Oppenheimer | Market Perform | $85.00 |
2015-05-06 | Downgrade | Cowen and Company | Outperform to Market Perform | |
2015-05-06 | Lower Price Target | Barclays PLC | Underweight | $80.00 to $75.00 |
2015-04-27 | Reiterated Rating | Piper Jaffray | Underweight | $72.00 |
2015-04-23 | Downgrade | OTR Global | Mixed to Negative | |
2015-03-23 | Set Price Target | Cowen and Company | Buy | $92.00 |
2015-03-06 | Downgrade | Telsey Advisory Group | Outperform to Market Perform | $105.00 to $94.00 |
2015-02-18 | Set Price Target | KeyBanc | Sell | $75.00 |
2015-02-18 | Downgrade | Scotiabank | Buy | |
2015-02-18 | Downgrade | Piper Jaffray | Neutral to Underweight | $72.00 |
2015-02-18 | Lower Price Target | Barclays | Underweight | $95.00 to $80.00 |
2015-02-18 | Lower Price Target | Jefferies Group | Buy | $150.00 to $130.00 |
2015-02-18 | Lower Price Target | Telsey Advisory Group | Outperform | $136.00 to $105.00 |
2015-02-17 | Lower Price Target | Topeka Capital Markets | Buy | $150.00 to $144.00 |
2015-01-23 | Lower Price Target | Barclays | Underweight | $100.00 to $95.00 |
2015-01-20 | Downgrade | Piper Jaffray | Overweight to Neutral | $133.00 to $104.00 |
2015-01-16 | Downgrade | Bank of America | Neutral to Underperform | |
2015-01-07 | Downgrade | Bank of America | Neutral to Underperform | $7.86 to $100.00 |
2014-12-18 | Initiated Coverage | Goldman Sachs | Neutral | $113.00 |
2014-12-16 | Initiated Coverage | Cowen and Company | Outperform | $135.00 |
2014-11-12 | Reiterated Rating | Piper Jaffray | Buy | |
2014-11-12 | Reiterated Rating | Topeka Capital Markets | Buy | |
2014-11-12 | Boost Price Target | Jefferies Group | Buy | $140.00 to $150.00 |
2014-10-23 | Boost Price Target | Standpoint Research | Buy | $124.00 to $128.00 |
2014-10-14 | Initiated Coverage | Standpoint Research | Buy | $124.00 |
2014-10-02 | Upgrade | Evercore ISI | Neutral to Buy | $125.00 |
2014-08-13 | Reiterated Rating | Piper Jaffray | Overweight | |
2014-08-11 | Lower Price Target | Sterne Agee CRT | $115.00 to $108.00 | |
2014-08-08 | Reiterated Rating | Nomura | Neutral | $114.00 to $104.00 |
2014-05-19 | Upgrade | Brean Capital | Sell to Hold | |
2014-05-14 | Lower Price Target | Telsey Advisory Group | Not Rated | $140.00 to $136.00 |
2014-05-14 | Upgrade | Credit Agricole | Outperform to Buy | |
2014-05-14 | Lower Price Target | Cowen and Company | Outperform | $155.00 to $135.00 |
2014-05-14 | Reiterated Rating | Jefferies Group | Buy | $150.00 to $140.00 |
2014-05-14 | Lower Price Target | Sterne Agee CRT | $132.00 to $115.00 | |
2014-05-14 | Lower Price Target | Oppenheimer | Market Perform | $120.00 to $105.00 |
2014-05-12 | Upgrade | Benchmark Co. | Hold to Buy | $125.00 |
2014-05-08 | Upgrade | Citigroup Inc. | Neutral to Buy | |
2014-04-16 | Lower Price Target | Macquarie | $120.00 to $110.00 | |
2014-02-18 | Upgrade | Ned Davis Research | Neutral to Buy | |
2014-02-13 | Boost Price Target | Brean Capital | $85.00 to $100.00 | |
2014-02-13 | Boost Price Target | BB&T Corp. | $135.00 to $142.00 | |
2014-02-13 | Boost Price Target | Benchmark Co. | $120.00 to $125.00 | |
2014-02-12 | Boost Price Target | Sterne Agee CRT | $125.00 to $132.00 | |
2014-02-12 | Set Price Target | Jefferies Group | $145.00 to $150.00 | |
2014-02-04 | Initiated Coverage | Sterne Agee CRT | Neutral | |
2014-01-10 | Downgrade | KeyBanc | Hold to Underweight | $100.00 |
2013-12-23 | Downgrade | Ned Davis Research | Buy to Neutral | |
2013-11-14 | Reiterated Rating | Piper Jaffray | Overweight | $147.00 |
2013-11-11 | Upgrade | Ned Davis Research | Neutral to Buy | |
2013-11-06 | Boost Price Target | Telsey Advisory Group | Not Rated | $130.00 to $140.00 |
2013-11-06 | Boost Price Target | Topeka Capital Markets | Buy | $145.00 to $150.00 |
2013-11-06 | Boost Price Target | Cowen and Company | Outperform | $145.00 to $155.00 |
2013-11-06 | Boost Price Target | Benchmark Co. | Hold | $125.00 to $142.00 |
2013-11-06 | Reiterated Rating | Piper Jaffray | Buy | $147.00 |
2013-11-05 | Reiterated Rating | Jefferies Group | Buy | |
2013-10-23 | Upgrade | Piper Jaffray | Neutral to Overweight | $121.00 to $147.00 |
2013-10-08 | Initiated Coverage | Piper Jaffray | Neutral | |
2013-08-07 | Reiterated | The Benchmark Company | Hold | $115 to $125 |
2013-08-05 | Reiterated | The Benchmark Company | Hold | $100 to $115 |
2013-08-05 | Downgrade | Barclays | Equal Weight to Underweight | $115 to $100 |
2013-06-20 | Resumed | Oppenheimer | Perform | $98 |
2013-04-02 | Initiated | Barclays | Equal Weight | $115 |
2013-02-13 | Downgrade | FBR Capital | Mkt Perform to Underperform | $95 |
2013-02-11 | Downgrade | The Benchmark Company | Buy to Hold | |
2013-02-08 | Reiterated | FBR Capital | Underperform | $84 to $95 |
2012-11-07 | Upgrade | Caris & Company | Above Average to Buy | |
2012-11-07 | Reiterated | FBR Capital | Mkt Perform | $90 to $84 |
2012-10-18 | Initiated | Caris & Company | Above Average | $104 |
2012-08-08 | Reiterated | The Benchmark Company | Buy | $85 to $105 |
2012-08-08 | Reiterated | FBR Capital | Mkt Perform | $80 to $90 |
2012-08-06 | Reiterated | The Benchmark Company | Buy | $100 to $85 |
2012-07-02 | Downgrade | KeyBanc Capital Mkts | Buy to Hold | |
2012-06-27 | Reiterated | FBR Capital | Mkt Perform | $95 to $80 |
2012-05-09 | Upgrade | The Benchmark Company | Hold to Buy | $130 to $100 |
2012-05-09 | Reiterated | FBR Capital | Mkt Perform | $110 to $95 |
2012-02-15 | Downgrade | The Benchmark Company | Buy to Hold |
2016-06-22 | Reiterated Rating | Piper Jaffray | Underweight | $25.00 |
2016-06-22 | Reiterated Rating | Piper Jaffray Cos. | Underweight | $25.00 |
2016-05-13 | Downgrade | S&P Equity Research | Buy to Strong Sell | $22.00 |
2016-05-13 | Reiterated Rating | Jefferies Group | Hold | $40.00 to $32.00 |
2016-05-13 | Reiterated Rating | Piper Jaffray | Underweight | $29.00 to $25.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In FOSL 111 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
FMR LLC | 5.12M |
BlackRock Inc. | 3.16M |
Vanguard Group, Inc | 2.95M |
BlackRock Fund Advisors | 2.53M |
DIMENSIONAL FUND ADVISORS LP | 2.08M |
AMERIPRISE FINANCIAL INC | 1.79M |
STATE STREET CORP | 1.70M |
RENAISSANCE TECHNOLOGIES LLC | 1.69M |
BlackRock Institutional Trust Company, N.A. | 1.26M |
SCHWAB CHARLES INVESTMENT MANAGEMENT INC | 1.10M |
CITADEL ADVISORS LLC | 1.02M |
GEODE CAPITAL MANAGEMENT, LLC | 0.86M |
D. E. Shaw & Co., Inc. | 0.83M |
Marshall Wace LLP | 0.78M |
ROYCE & ASSOCIATES LLC | 0.68M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
KARTSOTIS KOSTA N Chairman of the Board & CEO | 6.37% (3370837) | FOSL / |
McKelvey Gregory A Executive Vice President | 1.07% (563939) | FOSL / |
BOYER JEFFREY N | 0.50% (267066) | FOSL / PIR / TUES / |
White John A. Executive V.P. and COO | 0.31% (163584) | FOSL / |
SECOR DENNIS R Executive V.P. and CFO | 0.28% (146804) | FOSL / GES / |
Hart Darren E. Executive Vice President | 0.27% (141987) | FOSL / |
Belcher Randy Executive Vice President | 0.22% (119016) | FOSL / |
Gehmacher Hans-Peter Executive Vice President | 0.17% (87874) | FOSL / |
Evans Steve Andrew Executive Vice President | 0.15% (79061) | FOSL / |
Frey Martin EVP | 0.15% (77568) | FOSL / |
Anderson Eric Lloyd Executive Vice President | 0.14% (72208) | FOSL / |
ZIMMERMAN JAMES M | 0.12% (64222) | ACE / CB / FOSL / |
QUICK MARK Vice Chairman | 0.07% (39239) | FOSL / |
SKINNER JAMES E | 0.06% (32002) | ACRE / FOSL / |
KOVAR MIKE Executive V.P. and CFO | 0.06% (31772) | FOSL / |
STONE DONALD J | 0.06% (29653) | FOSL / |
PRITCHARD JENNIFER Divisional President | 0.05% (25354) | FOSL / |
NEAL DIANE L | 0.04% (21283) | ANF / FOSL / |
Nealon Thomas M | 0.04% (21132) | FOSL / LUV / |
Chiasson William B | 0.04% (19045) | FOSL / LF / |
Finley Mauria A. | 0.03% (16596) | FOSL / |
Galanti Livio Executive Vice President | 0.03% (15887) | FOSL / |
KENNEDY THOMAS M Executive Vice President | 0.02% (12246) | FOSL / |
Ragusa Elysia Holt | 0.02% (9242) | FOSL / TCBI / |
Agather Elaine B | 0.01% (5263) | FOSL / |