Fossil Group (NASDAQ:FOSL) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Fossil Group shares exceeded their 200-day moving average of $1.80, trading as high as $2.59 before closing at $2.49.
• Analysts have mixed views, with one rating the stock as a "buy" with a target of $5.00 and another giving it a "sell" rating, resulting in a consensus rating of "Hold."
• Fossil Group reported a quarterly earnings per share of ($0.10), beating the consensus estimate by $0.11, alongside a revenue of $220.40 million compared to an expectation of $198.04 million.

Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.80 and traded as high as $2.59. Fossil Group shares last traded at $2.49, with a volume of 400,290 shares changing hands.

Analysts Set New Price Targets

FOSL has been the subject of several recent research reports. Maxim Group initiated coverage on Fossil Group in a research note on Tuesday, July 1st. They issued a "buy" rating and a $5.00 price target for the company. Wall Street Zen downgraded Fossil Group from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Fossil Group in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $5.00.

Fossil Group Trading Down 2.7%

The business has a 50-day moving average price of $2.66 and a two-hundred day moving average price of $1.80. The stock has a market capitalization of $133.91 million, a P/E ratio of -2.24 and a beta of 2.17. The company has a current ratio of 1.83, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24.

Fossil Group (NASDAQ:FOSL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The accessories brand company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.11. Fossil Group had a negative return on equity of 12.07% and a negative net margin of 5.49%.The business had revenue of $220.40 million during the quarter, compared to the consensus estimate of $198.04 million.

Institutional Trading of Fossil Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bridgeway Capital Management LLC increased its position in shares of Fossil Group by 2.5% during the second quarter. Bridgeway Capital Management LLC now owns 425,182 shares of the accessories brand company's stock valued at $629,000 after acquiring an additional 10,249 shares during the last quarter. Ameriprise Financial Inc. increased its position in Fossil Group by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 2,461,746 shares of the accessories brand company's stock worth $3,643,000 after buying an additional 13,091 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Fossil Group in the fourth quarter worth $29,000. Jane Street Group LLC increased its position 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 worth $49,000 after buying an additional 20,530 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Fossil Group by 43.6% in the first quarter. Goldman Sachs Group Inc. now owns 144,375 shares of the accessories brand company's stock worth $166,000 after buying an additional 43,849 shares during the last quarter. 61.14% of the stock is owned by hedge funds and other institutional investors.

About Fossil Group

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company's products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.

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