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NEW YORK (TheStreet) -- Fossil Group (FOSL) - Get Fossil Group, Inc. Report shares are falling 13.45% to $85.96 in after-hours trading on Tuesday after the consumer fashion accessory manufacturer released its fourth quarter earnings results after the closing bell today.

The company reported a year over year 12% increase in diluted EPS to $3 per share on net sales of $1.06 billion. Analysts on average were expecting the company to report earnings of $3.07 per diluted share on revenue of $1.1 billion.

Separately, the company announced that it signed a 10-year global licensing agreement with premium fashion designer Kate Spade (KATE)  for the design, development and distribution of Kate Spade New York watches through 2025.

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TheStreet Ratings team rates FOSSIL GROUP INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate FOSSIL GROUP INC (FOSL) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."

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Highlights from the analysis by TheStreet Ratings Team goes as follows:

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