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

Key Points

• FOSL has crossed above its 200-day moving average, trading around $5.14 (200-day MA $3.48) which signals short-term upward momentum after hitting as high as $5.36.
• Analyst opinions are mixed—two Buys, one Hold and one Sell—with an average target price of $7.00 despite recent downgrades from some firms.
• Fundamentals remain challenged: Fossil reported an EPS loss of $0.15 (missing estimates) while beating revenue, and it still posts a negative net margin and negative return on equity with a market cap around $300M and a debt/equity ratio of 2.0.

Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.48 and traded as high as $5.36. Fossil Group shares last traded at $5.14, with a volume of 569,234 shares traded.

Analysts Set New Price Targets

Several analysts have weighed in on FOSL shares. Wall Street Zen downgraded shares of Fossil Group from a "hold" rating to a "sell" rating in a research note on Saturday, March 21st. Weiss Ratings reissued a "sell (d-)" rating on shares of Fossil Group in a research note on Thursday, January 22nd. Maxim Group boosted their price target on shares of Fossil Group from $5.00 to $7.00 and gave the stock a "buy" rating in a research note on Thursday, March 12th. Zacks Research raised shares of Fossil Group to a "hold" rating in a research note on Friday, February 20th. Finally, Northland Securities initiated coverage on shares of Fossil Group in a research note on Thursday, February 19th. They issued an "outperform" rating and a $7.00 price target for the company. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fossil Group currently has an average rating of "Hold" and an average target price of $7.00.

Fossil Group Trading Down 3.0%

The stock has a market capitalization of $299.92 million, a P/E ratio of -3.52 and a beta of 1.74. The firm's 50 day moving average price is $4.28 and its 200 day moving average price is $3.48. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.55 and a quick ratio of 1.05.

Fossil Group (NASDAQ:FOSL - Get Free Report) last issued its quarterly earnings data on Wednesday, March 11th. The accessories brand company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.17). The firm had revenue of $280.52 million for the quarter, compared to the consensus estimate of $249.28 million. Fossil Group had a negative net margin of 7.81% and a negative return on equity of 46.78%.

Hedge Funds Weigh In On Fossil Group

A number of institutional investors have recently bought and sold shares of the stock. Carrera Capital Advisors bought a new position in Fossil Group in the fourth quarter worth about $38,000. Bridgeway Capital Management LLC raised its stake in Fossil Group by 2.5% in the second quarter. Bridgeway Capital Management LLC now owns 425,182 shares of the accessories brand company's stock worth $629,000 after buying an additional 10,249 shares in the last quarter. Empowered Funds LLC raised its stake in Fossil Group by 10.4% in the fourth quarter. Empowered Funds LLC now owns 114,403 shares of the accessories brand company's stock worth $430,000 after buying an additional 10,824 shares in the last quarter. Wexford Capital LP bought a new position in Fossil Group in the third quarter worth about $28,000. Finally, EHP Funds Inc. bought a new position in Fossil Group in the third quarter worth about $28,000. 61.14% of the stock is owned by institutional investors.

About Fossil Group

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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