Trade-Ideas: Fossil Group (FOSL) Is Today's Pre-Market Mover With Heavy Volume Stock
Trade-Ideas LLC identified
(
) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Fossil Group as such a stock due to the following factors:
- FOSL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $39.5 million.
- FOSL traded 145,590 shares today in the pre-market hours as of 8:28 AM, representing 10.1% of its average daily volume.
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More details on FOSL:
Fossil Group, Inc., together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company's principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, and soft accessories. FOSL has a PE ratio of 9. Currently there is 1 analyst that rates Fossil Group a buy, 3 analysts rate it a sell, and 7 rate it a hold.
The average volume for Fossil Group has been 1.3 million shares per day over the past 30 days. Fossil Group has a market cap of $1.9 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 0.70 and a short float of 35.3% with 5.49 days to cover. Shares are up 8.6% year-to-date as of the close of trading on Monday.
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Analysis:
rates Fossil Group as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and a generally disappointing performance in the stock itself.
Highlights from the ratings report include:
- Net operating cash flow has increased to $226.28 million or 19.11% when compared to the same quarter last year. In addition, FOSSIL GROUP INC has also vastly surpassed the industry average cash flow growth rate of -48.02%.
- The gross profit margin for FOSSIL GROUP INC is rather high; currently it is at 55.40%. Regardless of FOSL's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 7.09% trails the industry average.
- FOSSIL GROUP INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. Earnings per share have declined over the last two years. We anticipate that this should continue in the coming year. During the past fiscal year, FOSSIL GROUP INC reported lower earnings of $4.52 versus $7.16 in the prior year. For the next year, the market is expecting a contraction of 31.6% in earnings ($3.09 versus $4.52).
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Textiles, Apparel & Luxury Goods industry. The net income has significantly decreased by 54.3% when compared to the same quarter one year ago, falling from $154.13 million to $70.39 million.
- You can view the full Fossil Group Ratings Report.
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