Key Points
- CEO Franco Fogliato purchased 200,000 shares at an average price of $1.80 for a total of $360,000, increasing his stake to 1,950,000 shares (an 11.43% rise).
- Fossil reported quarterly EPS of ($0.63) versus consensus of ($0.36), missing estimates while revenue of $270.2 million beat expectations; the company has a negative net margin (-5.49%) and negative ROE (-12.07%).
- The stock opened at $2.52 with a one‑year range of $0.86–$4.40 and a market cap of $137.4M; analysts' consensus is a Hold with an average target of $5.00 and institutional ownership at about 61.14%.
Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) CEO Franco Fogliato bought 200,000 shares of the business's stock in a transaction on Tuesday, November 18th. The stock was bought at an average price of $1.80 per share, for a total transaction of $360,000.00. Following the completion of the purchase, the chief executive officer directly owned 1,950,000 shares of the company's stock, valued at $3,510,000. The trade was a 11.43% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Fossil Group Stock Up 23.9%
Fossil Group stock opened at $2.52 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 1.83. Fossil Group, Inc. has a one year low of $0.86 and a one year high of $4.40. The company has a 50-day simple moving average of $2.48 and a 200-day simple moving average of $2.07. The firm has a market capitalization of $137.42 million, a P/E ratio of -2.35 and a beta of 2.17.
Fossil Group (NASDAQ:FOSL - Get Free Report) last posted its earnings results on Thursday, November 13th. The accessories brand company reported ($0.63) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.36) by ($0.27). Fossil Group had a negative net margin of 5.49% and a negative return on equity of 12.07%. The firm had revenue of $270.20 million for the quarter, compared to analyst estimates of $233.32 million.
Wall Street Analysts Forecast Growth
FOSL has been the topic of several analyst reports. Wall Street Zen cut Fossil Group from a "buy" rating to a "hold" rating in a research report on Sunday, October 26th. Weiss Ratings reissued a "sell (d-)" rating on shares of Fossil Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $5.00.
Check Out Our Latest Stock Analysis on FOSL
Hedge Funds Weigh In On Fossil Group
Several hedge funds have recently made changes to their positions in FOSL. Wexford Capital LP acquired a new stake in Fossil Group during the third quarter valued at approximately $28,000. EHP Funds Inc. acquired a new stake in shares of Fossil Group during the 3rd quarter valued at $28,000. Qube Research & Technologies Ltd bought a new stake in shares of Fossil Group during the 3rd quarter worth $39,000. Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of Fossil Group during the 3rd quarter worth $45,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Fossil Group by 551.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 29,703 shares of the accessories brand company's stock worth $76,000 after acquiring an additional 25,146 shares during the last quarter. Institutional investors and hedge funds own 61.14% of the company's stock.
Fossil Group Company Profile
(
Get Free Report)
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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