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FOSL $0.84

FOSL target price
0.84
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Fossil Group, Inc.
Type
Public
Traded as NASDAQ: FOSL
S&P 600 Component
Industry Recreational Goods
Founded 1984; 33 years ago (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
  • Decrease US$ 3,042.371 million (2016)
  • Decrease US$ 3,228.836 million (2012)
Operating income
  • Decrease US$ 127.146 million (2016)
  • Decrease US$ 291.234 million (2015)
Net income
  • Decrease US$ 85.603 million (2016)
  • Decrease US$ 229.902 million (2015)
Total assets
  • Decrease US$ 2,186,897 million (2016)
  • Increase US$ 2,355,681 million (2015)
Total equity
  • Increase US$ 1,006,236 million (2016)
  • Decrease US$ 921,388 million (2015)
Number of employees
14,500 (2016)
Website www.fossilgroup.com

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

Q reports

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

Ratings

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

Major Shareholders

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 /