Fossil Group (NASDAQ:FOSL) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Fossil shares crossed above its 200-day moving average of $3.69, trading as high as $4.82 and last at $4.63 on volume of about 623,400 shares.
• Analysts are mixed but cautious: the consensus rating is Hold with an average price target of $7.00 (two Buys, one Hold, one Sell), and several firms recently adjusted targets or ratings upward.
• Fundamentals show strain despite revenue upside—Fossil reported EPS of ($0.15) (missing estimates) with negative net margin and ROE, while institutional investors own roughly 61% and several large funds increased positions.

Shares of Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.69 and traded as high as $4.82. Fossil Group shares last traded at $4.63, with a volume of 623,404 shares traded.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FOSL. Weiss Ratings restated a "sell (d-)" rating on shares of Fossil Group in a research note on Tuesday, April 21st. Maxim Group boosted their price objective on Fossil Group from $5.00 to $7.00 and gave the stock a "buy" rating in a report on Thursday, March 12th. Northland Securities assumed coverage on Fossil Group in a research note on Thursday, February 19th. They set an "outperform" rating and a $7.00 target price on the stock. Zacks Research raised Fossil Group to a "hold" rating in a report on Friday, February 20th. Finally, Wall Street Zen raised Fossil Group from a "sell" rating to a "hold" rating in a report on Saturday, April 18th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $7.00.

Fossil Group Stock Down 2.3%

The stock has a 50-day moving average of $4.63 and a 200-day moving average of $3.69. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.55 and a quick ratio of 1.05. The firm has a market cap of $270.16 million, a price-to-earnings ratio of -3.17 and a beta of 1.74.

Fossil Group (NASDAQ:FOSL - Get Free Report) last released its earnings results on Wednesday, March 11th. The accessories brand company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.17). The company 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%. Sell-side analysts predict that Fossil Group, Inc. will post -0.33 EPS for the current fiscal year.

Institutional Trading of Fossil Group

Several large investors have recently made changes to their positions in FOSL. Goldman Sachs Group Inc. increased its stake 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 valued at $166,000 after acquiring an additional 43,849 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Fossil Group by 93.1% in the 1st quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company's stock valued at $49,000 after purchasing an additional 20,530 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Fossil Group by 154.1% in the 1st quarter. Acadian Asset Management LLC now owns 459,023 shares of the accessories brand company's stock valued at $527,000 after purchasing an additional 278,391 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Fossil Group during the 2nd quarter worth $122,000. Finally, Nantahala Capital Management LLC lifted its position in shares of Fossil Group by 21.5% during the 2nd quarter. Nantahala Capital Management LLC now owns 5,087,803 shares of the accessories brand company's stock worth $7,530,000 after buying an additional 898,626 shares during the last quarter. Institutional investors and hedge funds own 61.14% of the company's stock.

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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