Lake Street target leaves Fossil Group stock 44.51 percent below USD 10.00
Published on 10/17/2026 at 19:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTargets and upcoming results
- Lake Street Capital set a USD 10.00 target for Fossil Group on October 7, 2026.
- Revenue reached USD 209.69 million in the second quarter of 2026.
- Fossil Group stock stood at EUR 6.17 at Tradegate on October 16, 2026, 0.48 percent below the Tradegate close of EUR 6.20.
- Fossil Group is scheduled to report third-quarter 2026 results on November 12, 2026.
Lake Street Capital began coverage of Fossil Group with a USD 10.00 price target on October 7, 2026, according to MarketBeat. The target stands 44.51 percent above Fossil Group's USD 6.92 Nasdaq price on October 16, 2026. Fossil Group (ISIN US34988V1061) later stood at EUR 6.17 on Tradegate on October 16, 2026 at 9:41 p.m. CEST, down 0.48 percent versus the Tradegate close of EUR 6.20.
Revenue beat the consensus
Fossil Group reported USD 209.69 million in revenue for the second quarter of 2026, compared with USD 199.33 million consensus. The company posted a consolidated net loss of USD 10.60 million and operating profit of USD 3.20 million in that period. Gross profit was USD 130.79 million, equal to a 62.00 percent gross margin.
Those figures leave the turnaround story split between sales execution and profitability. Revenue exceeded the cited consensus by USD 10.36 million, but the group still reported a net loss for the quarter. The result gives the analyst target a concrete test when the next report arrives.
Range leaves room for volatility
Fossil Group's Nasdaq quote was USD 6.92 on October 16, 2026 at 4:00 p.m. ET. The session opened at USD 6.93, reached USD 7.24 and touched USD 6.83, while volume was 798,215 shares against an average of 863,964. The 52-week range was USD 1.70 to USD 7.39, putting the price 6.36 percent below the high.
Valuation and the next date
The finance profile puts Fossil Group's market capitalization at USD 409.2 million and its trailing P/E at minus 5.39 on October 16, 2026. The company is scheduled to report third-quarter 2026 results on November 12, 2026, after the market close, according to MarketBeat.
Comparison with peers
Movado (NYSE, USD): minus 0.99 percent, P/E 18.24, market capitalization USD 524.0 million
Tapestry (NYSE, USD): plus 0.36 percent, P/E 16.53, market capitalization USD 24.0 billion
Price and trading range
Fossil Group combines a 44.51 percent distance to the Lake Street target with a 6.36 percent gap to its 52-week high. The next scheduled report is the clearest dated checkpoint for whether the second-quarter revenue beat can translate into improved earnings.
Market context: Market report Nasdaq Composite.
