Fossil Group (NASDAQ:FOSL) Director Buys 7,208 Shares of Stock

Key Points

• Director Pamela Edwards bought 7,208 Fossil Group shares at an average price of $5.58, investing $40,220.64 and increasing her holdings by 16.75% to 50,251 shares.
• Fossil Group shares rose 0.5% to $5.61, while the company’s latest quarterly results beat expectations: adjusted EPS was a $0.13 loss versus estimates of a $0.29 loss, and revenue reached $209.69 million.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $7.50 price target; institutional investors own 61.14% of the company.

Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) Director Pamela Edwards acquired 7,208 shares of the business's stock in a transaction on Thursday, August 20th. The shares were bought at an average price of $5.58 per share, for a total transaction of $40,220.64. Following the acquisition, the director owned 50,251 shares in the company, valued at approximately $280,400.58. This trade represents a 16.75% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Fossil Group Trading Up 0.5%

Shares of Fossil Group stock traded up $0.03 during trading on Friday, hitting $5.61. The stock had a trading volume of 608,377 shares, compared to its average volume of 816,498. The stock has a 50 day simple moving average of $4.61 and a 200 day simple moving average of $4.46. The company has a market capitalization of $331.76 million, a PE ratio of -4.38 and a beta of 1.62. The company has a quick ratio of 1.05, a current ratio of 1.76 and a debt-to-equity ratio of 2.74. Fossil Group, Inc. has a 1 year low of $1.70 and a 1 year high of $6.25.

Fossil Group (NASDAQ:FOSL - Get Free Report) last released its earnings results on Wednesday, August 12th. The accessories brand company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.29) by $0.16. Fossil Group had a negative return on equity of 59.76% and a negative net margin of 7.09%.The company had revenue of $209.69 million during the quarter, compared to analyst estimates of $199.33 million. On average, research analysts expect that Fossil Group, Inc. will post -0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FOSL shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Fossil Group in a research report on Friday, July 17th. Wall Street Zen upgraded shares of Fossil Group from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. Finally, Northland Securities set a $8.00 target price on shares of Fossil Group in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Fossil Group currently has a consensus rating of "Hold" and a consensus price target of $7.50.

Institutional Trading of Fossil Group

Several large investors have recently made changes to their positions in FOSL. Prescott Group Capital Management L.L.C. boosted its holdings in shares of Fossil Group by 1,220.7% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 875,026 shares of the accessories brand company's stock worth $3,290,000 after buying an additional 808,770 shares during the period. 683 Capital Management LLC acquired a new position in Fossil Group during the 4th quarter worth $970,000. Sei Investments Co. boosted its holdings in Fossil Group by 107.6% during the first quarter. Sei Investments Co. now owns 253,771 shares of the accessories brand company's stock valued at $1,094,000 after acquiring an additional 131,531 shares during the period. Renaissance Technologies LLC bought a new stake in Fossil Group during the first quarter valued at about $413,000. Finally, Crown Advisors Management Inc. acquired a new stake in shares of Fossil Group in the second quarter valued at about $414,000. Institutional investors own 61.14% of the company's stock.

Fossil Group Company Profile

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.

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