Key Points
- Insider Joe Martin bought 56,180 shares at an average price of $1.78 on Nov. 18, spending about $100,000 and increasing his stake to 185,761 shares (a 43.36% boost).
- Fossil reported (−$0.63) EPS for the quarter, missing the (−$0.36) consensus by $0.27 while revenue beat at $270.2M; the company posted a negative net margin (−5.49%) and negative ROE (−12.07%).
- Shares trade near $2.40 with a market cap of roughly $131M, and analysts have an average "Hold" rating with a consensus target price of $5.00.
Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) insider Joe Martin purchased 56,180 shares of the firm's stock in a transaction dated Tuesday, November 18th. The stock was bought at an average cost of $1.78 per share, for a total transaction of $100,000.40. Following the acquisition, the insider directly owned 185,761 shares in the company, valued at approximately $330,654.58. The trade was a 43.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Fossil Group Price Performance
Shares of NASDAQ FOSL traded up $0.19 during mid-day trading on Friday, reaching $2.40. 392,191 shares of the company were exchanged, compared to its average volume of 577,539. Fossil Group, Inc. has a 52 week low of $0.86 and a 52 week high of $4.40. The company's 50 day moving average price is $2.46 and its 200 day moving average price is $2.07. The stock has a market capitalization of $130.92 million, a PE ratio of -2.16 and a beta of 2.17. The company has a quick ratio of 1.17, a current ratio of 1.83 and a debt-to-equity ratio of 1.24.
Fossil Group (NASDAQ:FOSL - Get Free Report) last released its quarterly earnings results on Thursday, November 13th. The accessories brand company reported ($0.63) earnings per share 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 analysts' expectations of $233.32 million.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. EHP Funds Inc. bought a new position in Fossil Group during the 3rd quarter valued at approximately $28,000. Wexford Capital LP purchased a new stake in Fossil Group in the third quarter worth $28,000. Qube Research & Technologies Ltd bought a new stake in Fossil Group in the third quarter valued at $39,000. Texas Capital Bank Wealth Management Services Inc purchased a new position in Fossil Group during the 3rd quarter valued at $45,000. Finally, Jane Street Group LLC raised its holdings in 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 worth $49,000 after purchasing an additional 20,530 shares in the last quarter. Hedge funds and other institutional investors own 61.14% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on FOSL shares. Weiss Ratings restated a "sell (d-)" rating on shares of Fossil Group in a report on Wednesday, October 8th. Wall Street Zen lowered Fossil Group from a "buy" rating to a "hold" rating in a research note on Sunday, October 26th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $5.00.
Read Our Latest Analysis on FOSL
About Fossil Group
(
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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