First Foundation (FFWM) “Buy” Rating Maintained by Analysts at FBR Capital; With $21.0000 Target, Fossil Group (FOSL) Had 3 Bulls

July 17, 2017 - By Richard Conner

Among 17 analysts covering Fossil (NASDAQ:FOSL), 3 have Buy rating, 6 Sell and 8 Hold. Therefore 18% are positive. Fossil had 43 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Market Perform” rating on Friday, November 4 by Telsey Advisory Group. As per Friday, November 13, the company rating was maintained by Bank of America. The company was maintained on Friday, November 13 by Mizuho. The stock of Fossil Group Inc (NASDAQ:FOSL) earned “Neutral” rating by Macquarie Research on Wednesday, August 12. Topeka Capital Markets maintained it with “Buy” rating and $60 target in Monday, November 16 report. The stock has “Neutral” rating by Nomura on Friday, November 13. Telsey Advisory Group maintained it with “Market Perform” rating and $32 target in Wednesday, May 11 report. Telsey Advisory Group maintained the shares of FOSL in report on Wednesday, February 15 with “Market Perform” rating. Jefferies maintained Fossil Group Inc (NASDAQ:FOSL) rating on Tuesday, July 4. Jefferies has “Hold” rating and $1600 target. The stock of Fossil Group Inc (NASDAQ:FOSL) has “Overweight” rating given on Wednesday, November 16 by KeyBanc Capital Markets. See Fossil Group Inc (NASDAQ:FOSL) latest ratings:

13/07/2017 Broker: Piper Jaffray Rating: Hold New Target: $15.0000 Maintain
04/07/2017 Broker: Jefferies Rating: Hold New Target: $16.0000 Maintain
16/02/2017 Broker: Mizuho Rating: Underperform Old Target: $19 New Target: $17 Maintain
15/02/2017 Broker: Wells Fargo Old Rating: Market Perform New Rating: Underperform Downgrade
15/02/2017 Broker: Telsey Advisory Group Rating: Market Perform Old Target: $27 New Target: $23 Maintain
10/02/2017 Broker: Mizuho Old Rating: Neutral New Rating: Underperform Old Target: $25 New Target: $19 Downgrade
01/02/2017 Broker: Evercore Old Rating: Buy New Rating: Hold Downgrade

Among 3 analysts covering First Foundation (NASDAQ:FFWM), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. First Foundation has $31 highest and $18 lowest target. $22.83’s average target is 37.20% above currents $16.64 stock price. First Foundation had 8 analyst reports since October 23, 2015 according to SRatingsIntel. FBR Capital upgraded First Foundation Inc (NASDAQ:FFWM) on Thursday, June 22 to “Outperform” rating. As per Friday, July 1, the company rating was initiated by FBR Capital. The firm has “Mkt Perform” rating by FBR Capital given on Tuesday, December 20. The rating was maintained by FBR Capital with “Outperform” on Friday, October 28. The rating was maintained by FBR Capital with “Outperform” on Friday, July 29.

Investors sentiment increased to 1.62 in Q4 2016. Its up 0.41, from 1.21 in 2016Q3. It is positive, as 21 investors sold Fossil Group Inc shares while 44 reduced holdings. 34 funds opened positions while 71 raised stakes. 45.64 million shares or 1.48% more from 44.98 million shares in 2016Q3 were reported. Peak6 Investments L P owns 0% invested in Fossil Group Inc (NASDAQ:FOSL) for 4,748 shares. Prelude Cap Llc reported 0.02% of its portfolio in Fossil Group Inc (NASDAQ:FOSL). Canada Pension Plan Board stated it has 0.01% of its portfolio in Fossil Group Inc (NASDAQ:FOSL). Hbk L P reported 0% of its portfolio in Fossil Group Inc (NASDAQ:FOSL). Riverhead Cap Lc has 0% invested in Fossil Group Inc (NASDAQ:FOSL). Kcg Incorporated accumulated 34,070 shares. Weaver C Barksdale And Incorporated invested in 551 shares or 0.02% of the stock. Legal And General Grp Inc Inc Plc holds 0% of its portfolio in Fossil Group Inc (NASDAQ:FOSL) for 62,339 shares. Glenmede Trust Co Na invested in 24 shares. Schwab Charles Inv Mgmt Inc reported 218,433 shares or 0.01% of all its holdings. Envestnet Asset Management Inc stated it has 0% in Fossil Group Inc (NASDAQ:FOSL). Boothbay Fund Mngmt Ltd Liability, a New York-based fund reported 8,188 shares. Comerica Natl Bank reported 31,553 shares. Pacad holds 0.11% or 34,200 shares in its portfolio. Cubist Systematic Strategies Limited Liability Co reported 0.14% of its portfolio in Fossil Group Inc (NASDAQ:FOSL).

Since May 25, 2017, it had 0 insider buys, and 3 sales for $23.79 million activity. On Thursday, May 25 KARTSOTIS KOSTA N sold $12.14 million worth of Fossil Group Inc (NASDAQ:FOSL) or 1.08M shares.

About 1.03M shares traded. Fossil Group Inc (NASDAQ:FOSL) has declined 54.09% since July 17, 2016 and is downtrending. It has underperformed by 70.79% the S&P500.

Fossil Group, Inc. is a design, marketing and distribution firm that specializes in consumer fashion accessories. The company has market cap of $528.01 million. The Company’s divisions include Americas, Europe and Asia. It has a 20.54 P/E ratio. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity.

Investors sentiment increased to 2.04 in Q4 2016. Its up 0.62, from 1.42 in 2016Q3. It increased, as 9 investors sold First Foundation Inc shares while 14 reduced holdings. 18 funds opened positions while 29 raised stakes. 8.12 million shares or 10.34% less from 9.05 million shares in 2016Q3 were reported. Castine Management Lc reported 203,527 shares stake. Moreover, Morgan Stanley has 0% invested in First Foundation Inc (NASDAQ:FFWM) for 38,412 shares. Stieven Ltd Partnership has invested 1.01% in First Foundation Inc (NASDAQ:FFWM). California State Teachers Retirement reported 27,173 shares. Oxford Asset holds 0.02% or 11,258 shares in its portfolio. Deutsche Comml Bank Ag accumulated 395,758 shares. Massachusetts-based Wellington Management Llp has invested 0% in First Foundation Inc (NASDAQ:FFWM). Citadel Limited Com stated it has 0% in First Foundation Inc (NASDAQ:FFWM). Manufacturers Life Insur Com The has 9,260 shares for 0% of their portfolio. Basswood Cap Management Limited has invested 0.9% in First Foundation Inc (NASDAQ:FFWM). Cadence Capital Mngmt Ltd Liability Corp has invested 0.08% of its portfolio in First Foundation Inc (NASDAQ:FFWM). Moreover, Mendon Cap has 2.12% invested in First Foundation Inc (NASDAQ:FFWM). Bancshares Of America De reported 10,302 shares. Dimensional Fund Advsrs L P invested in 113,919 shares. Amer Intl Group reported 7,588 shares stake.

Analysts await First Foundation Inc (NASDAQ:FFWM) to report earnings on July, 26 before the open. They expect $0.21 EPS, up 110.00% or $0.11 from last year’s $0.1 per share. FFWM’s profit will be $7.04M for 19.81 P/E if the $0.21 EPS becomes a reality. After $0.18 actual EPS reported by First Foundation Inc for the previous quarter, Wall Street now forecasts 16.67% EPS growth.

About 22,813 shares traded. First Foundation Inc (NASDAQ:FFWM) has risen 43.47% since July 17, 2016 and is uptrending. It has outperformed by 26.77% the S&P500.

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