Fossil Group (FOSL) has received a new Buy rating, initiated by Northland Securities analyst, Owen Rickert.
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Owen Rickert has given his Buy rating due to a combination of factors tied to Fossil’s ongoing turnaround and improved positioning. He argues that a refreshed, experienced leadership team and a clearly defined restructuring plan place the company on a realistic path back to profitable growth, supported by stronger engagement from younger consumers returning to analog watches and fashion accessories.
Rickert also highlights that his financial projections remain deliberately more cautious than management’s own targets, yet still support meaningful upside versus the current share price. By valuing Fossil at 8x his 2027 adjusted EBITDA estimate, he arrives at a $7 price target, reflecting confidence in gradual revenue recovery, margin expansion, and operational efficiencies while accounting for industry volatility and execution risk.
Rickert covers the Consumer Cyclical sector, focusing on stocks such as Life Time Group Holdings, Movado Group, and Savers Value Village Inc.. According to TipRanks, Rickert has an average return of 6.2% and a 60.00% success rate on recommended stocks.