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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 0.63
FOSL's Cash to Debt is ranked lower than
53% of the 733 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 3.05 vs. FOSL: 0.63 )
FOSL' s 10-Year Cash to Debt Range
Min: 0.18   Max: 58.49
Current: 0.63

0.18
58.49
Equity to Asset 0.48
FOSL's Equity to Asset is ranked lower than
52% of the 729 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 0.60 vs. FOSL: 0.48 )
FOSL' s 10-Year Equity to Asset Range
Min: 0.48   Max: 0.75
Current: 0.48

0.48
0.75
Interest Coverage 58.82
FOSL's Interest Coverage is ranked higher than
62% of the 480 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 58.82 vs. FOSL: 58.82 )
FOSL' s 10-Year Interest Coverage Range
Min: 18.64   Max: 4085.75
Current: 58.82

18.64
4085.75
F-Score: 7
Z-Score: 6.34
M-Score: -2.65
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 9/10

vs
industry
vs
history
Operating margin (%) 17.23
FOSL's Operating margin (%) is ranked higher than
93% of the 726 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 5.45 vs. FOSL: 17.23 )
FOSL' s 10-Year Operating margin (%) Range
Min: 10.16   Max: 20.89
Current: 17.23

10.16
20.89
Net-margin (%) 11.60
FOSL's Net-margin (%) is ranked higher than
90% of the 726 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 4.38 vs. FOSL: 11.60 )
FOSL' s 10-Year Net-margin (%) Range
Min: 6.39   Max: 12.57
Current: 11.6

6.39
12.57
ROE (%) 35.39
FOSL's ROE (%) is ranked higher than
98% of the 720 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 7.41 vs. FOSL: 35.39 )
FOSL' s 10-Year ROE (%) Range
Min: 12.88   Max: 35.39
Current: 35.39

12.88
35.39
ROA (%) 16.95
FOSL's ROA (%) is ranked higher than
97% of the 729 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 4.25 vs. FOSL: 16.95 )
FOSL' s 10-Year ROA (%) Range
Min: 9.1   Max: 19.23
Current: 16.95

9.1
19.23
ROC (Joel Greenblatt) (%) 54.20
FOSL's ROC (Joel Greenblatt) (%) is ranked higher than
92% of the 727 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 15.45 vs. FOSL: 54.20 )
FOSL' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 26.1   Max: 100.57
Current: 54.2

26.1
100.57
Revenue Growth (%) 23.50
FOSL's Revenue Growth (%) is ranked higher than
94% of the 533 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 4.00 vs. FOSL: 23.50 )
FOSL' s 10-Year Revenue Growth (%) Range
Min: -1.1   Max: 43.5
Current: 23.5

-1.1
43.5
EBITDA Growth (%) 21.60
FOSL's EBITDA Growth (%) is ranked higher than
89% of the 443 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 2.40 vs. FOSL: 21.60 )
FOSL' s 10-Year EBITDA Growth (%) Range
Min: -5.3   Max: 59.5
Current: 21.6

-5.3
59.5
EPS Growth (%) 20.30
FOSL's EPS Growth (%) is ranked higher than
86% of the 423 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 1.20 vs. FOSL: 20.30 )
FOSL' s 10-Year EPS Growth (%) Range
Min: -7.8   Max: 61.6
Current: 20.3

-7.8
61.6
» FOSL's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

FOSL Guru Trades in Q1 2013

Jim Simons 12,000 sh (New)
Joel Greenblatt 30,827 sh (New)
Columbia Wanger 872,645 sh (unchged)
Ray Dalio Sold Out
Paul Tudor Jones Sold Out
Caxton Associates Sold Out
Ron Baron 865,472 sh (-10.74%)
Steven Cohen 1,107,342 sh (-30.03%)
» More
Q2 2013

FOSL Guru Trades in Q2 2013

Larry Robbins 501,019 sh (New)
Ray Dalio 26,114 sh (New)
Jim Simons 309,600 sh (+2480%)
Joel Greenblatt 39,286 sh (+27.44%)
Ron Baron 873,205 sh (+0.89%)
Columbia Wanger 872,645 sh (unchged)
Steven Cohen 909,121 sh (-17.9%)
» More
Q3 2013

FOSL Guru Trades in Q3 2013

Murray Stahl 2,849 sh (New)
Steven Cohen 1,103,358 sh (+21.37%)
Ron Baron 874,900 sh (+0.19%)
Columbia Wanger 872,645 sh (unchged)
Jim Simons Sold Out
Ray Dalio Sold Out
Larry Robbins 426,599 sh (-14.85%)
Joel Greenblatt 27,247 sh (-30.64%)
» More
Q4 2013

FOSL Guru Trades in Q4 2013

Ray Dalio 50,439 sh (New)
Joel Greenblatt 111,398 sh (+308.85%)
Larry Robbins 830,176 sh (+94.6%)
Murray Stahl 4,438 sh (+55.77%)
Columbia Wanger 872,645 sh (unchged)
Ron Baron 874,900 sh (unchged)
Steven Cohen 100,000 sh (unchged)
Steven Cohen 715,896 sh (-35.12%)
» More
» Details

Insider Trades

Latest Guru Trades with FOSL

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-12-31 Add 308.85%0.24%$115.21 - $134.02 $ 109.42-12%111398
Ray Dalio 2013-12-31 New Buy0.05%$115.21 - $134.02 $ 109.42-12%50439
Joel Greenblatt 2013-09-30 Reduce -30.64%0.05%$105.24 - $126.549 $ 109.42-4%27247
Ray Dalio 2013-09-30 Sold Out 0.02%$105.24 - $126.549 $ 109.42-4%0
Joel Greenblatt 2013-06-30 Add 27.44%0.04%$91.42 - $109.67 $ 109.428%39286
Ray Dalio 2013-06-30 New Buy0.02%$91.42 - $109.67 $ 109.428%26114
Joel Greenblatt 2013-03-31 New Buy0.15%$93.1 - $110.65 $ 109.427%30827
Ray Dalio 2013-03-31 Sold Out 0.04%$93.1 - $110.65 $ 109.427%0
Ray Dalio 2012-12-31 New Buy0.04%$79.66 - $94.23 $ 109.4225%37556
Steve Mandel 2012-06-30 Sold Out 1.5%$69.78 - $138.07 $ 109.4212%0
Steve Mandel 2012-03-31 Reduce -36.85%0.63%$78.08 - $135.54 $ 109.426%1885095
Ray Dalio 2012-03-31 Sold Out 0.04%$78.08 - $135.54 $ 109.426%0
Steve Mandel 2011-12-31 Add 50.43%0.57%$75.28 - $109.99 $ 109.4222%2985195
Ray Dalio 2011-12-31 New Buy0.04%$75.28 - $109.99 $ 109.4222%31920
Steve Mandel 2011-09-30 New Buy1.31%$72.93 - $134.29 $ 109.422%1984441
Ron Baron 2011-09-30 Add 30.74%0.16%$72.93 - $134.29 $ 109.422%1176640
George Soros 2011-03-31 Sold Out $67.86 - $91.69 $ 109.4242%0
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on Fossil Group Inc

Baron Funds Comments on Fossil Inc. - Aug 23, 2012

From Baron Funds' second quarter commentary:

Shares of Fossil, Inc. (FOSL), the consumer fashion company that sells watches and accessories under its own brand and those of prominent licensees (including Michael Kors and Giorgio Armani), fell meaningfully. Weaker European consumer spending led to lower than expected first quarter sales, and the company lost over $3 billion in stock market value when it announced a lower earnings outlook for 2012. We believe that Fossil's longer term prospects remain favorable.We believe the company will sign additional licenses with well-known designers and that it has the opportunity to meaningfully grow its profitable Asian sales.We also believe the company's recent acquisition of Skagen Designs Ltd., a Scandanavian themed watch manufacturer, will be a positive development.
Check out Ron Baron latest stock trades

Baron Funds Comments on Fossil Inc. - May 24, 2012

From Baron Funds' first quarter letter: Fossil, Inc. (FOSL), the consumer fashion company that sells watches and accessories under its own brand and prominent licenses, rose 66% in the quarter. Its stock had been depressed over concerns that Fossil's business in Europe would slow and that it could not keep up its recent breakneck growth rate. However, the company reported continued strong sales, increased pace of store expansion, and an accretive acquisition of another watch brand. We continue to be excited about the substantial growth potential ahead, especially in Asia-Pacific, and believe the company deserves to trade at a higher multiple to reflect the quality of the franchise and its growth potential.We trimmed our position during the quarter into the big move in the stock.
Check out Ron Baron latest stock trades

Ratios

vs
industry
vs
history
P/E(ttm) 16.60
FOSL's P/E(ttm) is ranked higher than
67% of the 578 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 18.70 vs. FOSL: 16.60 )
FOSL' s 10-Year P/E(ttm) Range
Min: 5.7   Max: 32.35
Current: 16.6

5.7
32.35
P/B 5.80
FOSL's P/B is ranked lower than
76% of the 701 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 1.54 vs. FOSL: 5.80 )
FOSL' s 10-Year P/B Range
Min: 0.96   Max: 8.12
Current: 5.8

0.96
8.12
P/S 1.94
FOSL's P/S is ranked lower than
71% of the 739 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 0.87 vs. FOSL: 1.94 )
FOSL' s 10-Year P/S Range
Min: 0.5   Max: 3.78
Current: 1.94

0.5
3.78
PFCF 20.50
FOSL's PFCF is ranked higher than
57% of the 420 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 19.57 vs. FOSL: 20.50 )
FOSL' s 10-Year PFCF Range
Min: 9.37   Max: 426.6
Current: 20.5

9.37
426.6
EV-to-EBIT 11.20
FOSL's EV-to-EBIT is ranked higher than
71% of the 612 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 14.28 vs. FOSL: 11.20 )
FOSL' s 10-Year EV-to-EBIT Range
Min: 2.9   Max: 18.7
Current: 11.2

2.9
18.7
PEG 0.60
FOSL's PEG is ranked higher than
83% of the 314 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 1.77 vs. FOSL: 0.60 )
FOSL' s 10-Year PEG Range
Min: 0.39   Max: 3.28
Current: 0.6

0.39
3.28
Shiller P/E 25.70
FOSL's Shiller P/E is ranked higher than
51% of the 329 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 20.05 vs. FOSL: 25.70 )
FOSL' s 10-Year Shiller P/E Range
Min: 8.16   Max: 58.08
Current: 25.7

8.16
58.08

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 8.10
FOSL's Price/Tangible Book is ranked lower than
83% of the 670 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 1.90 vs. FOSL: 8.10 )
FOSL' s 10-Year Price/Tangible Book Range
Min: 1.59   Max: 8.88
Current: 8.1

1.59
8.88
Price/DCF (Projected) 1.60
FOSL's Price/DCF (Projected) is ranked higher than
54% of the 369 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 1.20 vs. FOSL: 1.60 )
FOSL' s 10-Year Price/DCF (Projected) Range
Min: 0.84   Max: 2.16
Current: 1.6

0.84
2.16
Price/Median PS Value 1.10
FOSL's Price/Median PS Value is ranked higher than
69% of the 693 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 1.10 vs. FOSL: 1.10 )
FOSL' s 10-Year Price/Median PS Value Range
Min: 0.41   Max: 1.34
Current: 1.1

0.41
1.34
Price/Peter Lynch Fair Value 0.70
FOSL's Price/Peter Lynch Fair Value is ranked higher than
82% of the 166 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 1.00 vs. FOSL: 0.70 )
FOSL' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.34   Max: 2.38
Current: 0.7

0.34
2.38
Price/Graham Number 2.40
FOSL's Price/Graham Number is ranked lower than
70% of the 551 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 1.20 vs. FOSL: 2.40 )
FOSL' s 10-Year Price/Graham Number Range
Min: 0.74   Max: 2.65
Current: 2.4

0.74
2.65
Earnings Yield (Greenblatt) 8.90
FOSL's Earnings Yield (Greenblatt) is ranked higher than
72% of the 665 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 6.90 vs. FOSL: 8.90 )
FOSL' s 10-Year Earnings Yield (Greenblatt) Range
Min: 5.4   Max: 34.3
Current: 8.9

5.4
34.3
Forward Rate of Return (Yacktman) 34.85
FOSL's Forward Rate of Return (Yacktman) is ranked higher than
95% of the 443 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 7.06 vs. FOSL: 34.85 )
FOSL' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 10   Max: 35.3
Current: 34.85

10
35.3

Business Description

Industry: Manufacturing - Apparel & Furniture » Footwear & Accessories
Compare:NKE, ADDYY, BELLY, YUEIY, DPNEY » details
Traded in other countries:FSL.Germany
Fossil Group Inc, formerly Fossil, Inc., is a Delaware corporation formed in 1991 and is the successor to a Texas corporation formed in 1984. It is a marketing and distribution company that specializes in consumer fashion accessories. Its main offerings include line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, shoes, soft accessories and clothing. In the watch and jewelry product categories, the Company has a portfolio of recognized owned and licensed brand names under which its products are marketed. The Company's products are distributed globally through various distribution channels, including wholesale in countries where it has a physical presence, direct to the consumer through its retail stores and commercial websites and through third-party distributors in countries where it does not maintain a physical presence. The Company's operations and financial reporting are primarily divided into four distinct segments: North America wholesale segment; Europe wholesale segment; Asia Pacific wholesale segment; and Direct to consumer segment, which includes Company-owned retail stores, its catalogs and e-commerce activities. Within the wholesale segments of its business, it generally sells to retailers in those countries in which it has a physical presence as well as to third-party distributors in countries where it does not have a physical presence. The Company's wholesale customer base includes, among others, Neiman Marcus, Nordstrom, Saks Fifth Avenue, Macy's, Dillard's, JCPenney, Kohl's, Sears, Wal-Mart and Target. In the United States, the Company's network of Company-owned stores included 131 retail stores located in premier retail sites and 95 outlet stores located in major outlet malls as of December 29, 2012. Internationally, the Company's products are distributed in Africa, Asia, Australia, Europe, Central and South America, Canada, the Caribbean, Mexico, and the Middle East. Its competitors include distributors that import watches, accessories and clothing from abroad, U.S. companies that have established foreign manufacturing relationships and companies that produce accessories and clothing domestically.

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