Fossil Group (NASDAQ:FOSL) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Fossil Group shares have recently traded above their 200-day moving average, with the stock last recorded at $1.77 after reaching a high of $1.81 during trading.
• Analysts have issued a buy rating for Fossil Group, with a price target set at $5.00 by Maxim Group, indicating positive sentiment for the stock's future performance.
• The company reported a loss of ($0.10) EPS for the last quarter, along with revenue of $233.30 million, reflecting ongoing challenges with a negative net margin.

Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.43 and traded as high as $1.81. Fossil Group shares last traded at $1.77, with a volume of 110,024 shares changing hands.

Analyst Ratings Changes

FOSL has been the topic of several analyst reports. Wall Street Zen upgraded Fossil Group from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Maxim Group began coverage on Fossil Group in a research report on Tuesday, July 1st. They issued a "buy" rating and a $5.00 price objective on the stock.

Fossil Group Stock Up 1.9%

The company has a debt-to-equity ratio of 1.34, a current ratio of 1.84 and a quick ratio of 1.14. The company has a market capitalization of $100.56 million, a PE ratio of -1.04 and a beta of 2.39. The business has a 50-day moving average of $1.53 and a 200 day moving average of $1.43.

Fossil Group (NASDAQ:FOSL - Get Free Report) last posted its earnings results on Wednesday, May 14th. The accessories brand company reported ($0.10) EPS for the quarter. The firm had revenue of $233.30 million during the quarter. Fossil Group had a negative return on equity of 23.80% and a negative net margin of 8.55%.

Institutional Investors Weigh In On Fossil Group

Large investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new stake in Fossil Group during the fourth quarter worth approximately $29,000. Raymond James Financial Inc. bought a new stake in Fossil Group during the fourth quarter worth approximately $35,000. American Century Companies Inc. bought a new position in shares of Fossil Group during the fourth quarter valued at approximately $47,000. Jane Street Group LLC grew its stake in shares of Fossil Group by 93.1% during the first quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company's stock valued at $49,000 after buying an additional 20,530 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in shares of Fossil Group during the fourth quarter valued at approximately $54,000. 61.14% of the stock is owned by institutional investors.

Fossil Group Company Profile

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.