Fossil Group (NASDAQ:FOSL) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• Fossil Group shares rose above their 200-day moving average, reaching $5.87 and last trading at $5.86 versus the $4.63 long-term average, on volume of 717,226 shares.
• Analyst views are mixed, but the stock carries a MarketBeat consensus rating of “Moderate Buy” with an average price target of $9.00; targets range from $8.00 to $12.00, while Weiss Ratings maintained a sell rating.
• Fossil beat quarterly revenue and EPS expectations, but remains financially challenged, with a negative net margin, negative return on equity, a 2.74 debt-to-equity ratio and projected full-year EPS of -$0.04.

Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.63 and traded as high as $5.87. Fossil Group shares last traded at $5.86, with a volume of 717,226 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently commented on FOSL. Weiss Ratings reissued a "sell (d-)" rating on shares of Fossil Group in a report on Friday, July 17th. Northland Securities set a $8.00 price target on shares of Fossil Group in a research report on Thursday, August 13th. Finally, Craig Hallum assumed coverage on Fossil Group in a research note on Thursday, September 10th. They set a "buy" rating and a $12.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $9.00.

Fossil Group Price Performance

The company has a debt-to-equity ratio of 2.74, a quick ratio of 1.05 and a current ratio of 1.76. The company's fifty day simple moving average is $5.06 and its two-hundred day simple moving average is $4.63. The stock has a market capitalization of $346.56 million, a PE ratio of -4.58 and a beta of 1.61.

Fossil Group (NASDAQ:FOSL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The accessories brand company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.16. The company had revenue of $209.69 million for the quarter, compared to the consensus estimate of $199.33 million. Fossil Group had a negative net margin of 7.09% and a negative return on equity of 59.76%. As a group, sell-side analysts predict that Fossil Group, Inc. will post -0.04 EPS for the current year.

Insiders Place Their Bets

In related news, Director Pamela J. Edwards purchased 7,208 shares of the business's stock in a transaction dated Thursday, August 20th. The stock was bought at an average cost of $5.58 per share, with a total value of $40,220.64. Following the completion of the acquisition, the director directly owned 50,251 shares in the company, valued at $280,400.58. The trade was a 16.75% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.80% of the company's stock.

Institutional Trading of Fossil Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FOSL. Public Employees Retirement System of Ohio purchased a new position in Fossil Group in the 2nd quarter valued at about $34,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Fossil Group during the 2nd quarter worth about $64,000. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Fossil Group during the second quarter worth about $73,000. State of Wyoming purchased a new stake in shares of Fossil Group during the second quarter worth about $101,000. Finally, Cannon Global Investment Management LLC acquired a new position in shares of Fossil Group in the first quarter valued at approximately $110,000. Hedge funds and other institutional investors own 61.14% of the company's stock.

About Fossil Group

Fossil Group, Inc is a global design, marketing and distribution company focused on fashion accessories. The company is best known for its watches, including products sold under the Fossil brand and licensed brands, and also offers jewelry, handbags, small leather goods and other accessories.

Fossil Group sells products through a combination of wholesale customers, company-operated retail stores, e-commerce websites and other direct-to-consumer channels. Its products are distributed across North America, Europe, Asia and other international markets, serving consumers through department stores, specialty retailers and digital platforms.

Founded in 1984 and headquartered in Richardson, Texas, Fossil Group has expanded from its original watch business into a broader accessories company.

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