Nantahala Capital Management LLC bought a new position in shares of Fossil Group, Inc. (NASDAQ:FOSL - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 5,505,128 shares of the accessories brand company's stock, valued at approximately $22,791,230. Fossil Group accounts for 0.0% of Nantahala Capital Management LLC's holdings, making the stock its 29th biggest holding. Nantahala Capital Management LLC owned approximately 9.72% of Fossil Group as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wexford Capital LP acquired a new stake in shares of Fossil Group in the third quarter valued at about $28,000. Public Employees Retirement System of Ohio acquired a new position in shares of Fossil Group in the second quarter worth approximately $34,000. Qube Research & Technologies Ltd acquired a new position in shares of Fossil Group in the third quarter worth approximately $39,000. Texas Capital Bank Wealth Management Services Inc bought a new stake in Fossil Group in the third quarter valued at approximately $45,000. Finally, Jane Street Group LLC boosted its holdings in Fossil Group by 93.1% in the first quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company's stock valued at $49,000 after acquiring an additional 20,530 shares during the last quarter. 61.14% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Fossil Group
In other Fossil Group news, Director Pamela J. Edwards purchased 7,208 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average price of $5.58 per share, with a total value of $40,220.64. Following the transaction, the director owned 50,251 shares in the company, valued at $280,400.58. The trade was a 16.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is owned by corporate insiders.
Fossil Group Price Performance
Shares of FOSL opened at $5.35 on Friday. Fossil Group, Inc. has a 12-month low of $1.70 and a 12-month high of $6.25. The business's fifty day moving average is $4.75 and its 200 day moving average is $4.53. The company has a quick ratio of 1.05, a current ratio of 1.76 and a debt-to-equity ratio of 2.74. The stock has a market cap of $316.40 million, a P/E ratio of -4.18 and a beta of 1.62.
Fossil Group (NASDAQ:FOSL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The accessories brand company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.29) by $0.16. Fossil Group had a negative net margin of 7.09% and a negative return on equity of 59.76%. The business had revenue of $209.69 million during the quarter, compared to analyst estimates of $199.33 million. Sell-side analysts anticipate that Fossil Group, Inc. will post -0.04 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have issued reports on FOSL shares. Northland Securities set a $8.00 price target on shares of Fossil Group in a report on Thursday, August 13th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Fossil Group in a research note on Friday, July 17th. Finally, Wall Street Zen raised shares of Fossil Group from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Fossil Group currently has a consensus rating of "Hold" and an average target price of $7.50.
Check Out Our Latest Analysis on FOSL
About Fossil Group
(
Free Report)
Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.
The group's wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Fossil Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fossil Group wasn't on the list.
While Fossil Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
