In a report released today, Owen Rickert from Northland Securities maintained a Buy rating on Fossil Group, with a price target of $7.00.
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Owen Rickert has given his Buy rating due to a combination of factors, including Fossil’s solid fourth-quarter outperformance versus expectations and visible progress on its turnaround agenda. Revenue and adjusted EBITDA both exceeded his forecasts, indicating that restructuring efforts are translating into stronger fundamentals and that the business is moving past its most difficult phase, with the $7 price target remaining unchanged.
He also highlights improving wholesale trends, renewed engagement from key retail partners, and product momentum in traditional watches that aligns with favorable consumer shifts toward analog styles. At the same time, lower G&A spending, reduced restructuring costs, better working-capital discipline, and positive adjusted operating income support the view that the balance sheet is stabilizing and shareholder value is beginning to rebuild, justifying a continued Buy recommendation on FOSL.