Key Points
- Director Pamela Edwards bought 10,000 shares on Nov. 21 at an average price of $2.37 for a total of $23,700, increasing her stake to 12,466 shares — a 405.52% increase in her position.
- Fossil reported quarterly EPS of ($0.63), missing estimates by $0.27 despite revenue beating expectations at $270.2M, and the company still shows negative net margin (-5.49%) and ROE (-12.07%).
- The stock traded around $2.51 (up ~4.1%), sits in a 12‑month range of $0.86–$4.40, has an average analyst rating of "Hold" with a $5.00 consensus price target, and is ~61% owned by institutions.
Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) Director Pamela Edwards acquired 10,000 shares of the business's stock in a transaction that occurred on Friday, November 21st. The shares were acquired at an average cost of $2.37 per share, with a total value of $23,700.00. Following the completion of the transaction, the director directly owned 12,466 shares in the company, valued at approximately $29,544.42. The trade was a 405.52% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Fossil Group Trading Up 4.1%
NASDAQ FOSL opened at $2.51 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.83 and a quick ratio of 1.17. The stock has a market capitalization of $137.15 million, a P/E ratio of -2.26 and a beta of 2.17. The firm's 50-day moving average is $2.44 and its two-hundred day moving average is $2.10. Fossil Group, Inc. has a 12 month low of $0.86 and a 12 month high of $4.40.
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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.36) by ($0.27). The company had revenue of $270.20 million during the quarter, compared to analysts' expectations of $233.32 million. Fossil Group had a negative net margin of 5.49% and a negative return on equity of 12.07%.
Analyst Ratings Changes
FOSL has been the subject of a number of research reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Fossil Group in a research note on Wednesday, October 8th. Wall Street Zen downgraded Fossil Group from a "buy" rating to a "hold" rating in a research report on Sunday, October 26th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Fossil Group presently has an average rating of "Hold" and a consensus price target of $5.00.
Check Out Our Latest Research Report on FOSL
Hedge Funds Weigh In On Fossil Group
A number of institutional investors and hedge funds have recently made changes to their positions in FOSL. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Fossil Group by 85.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 224,530 shares of the accessories brand company's stock valued at $258,000 after acquiring an additional 103,203 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Fossil Group by 356.9% in the 1st quarter. American Century Companies Inc. now owns 129,025 shares of the accessories brand company's stock valued at $148,000 after purchasing an additional 100,783 shares in the last quarter. Nantahala Capital Management LLC lifted its position in shares of Fossil Group by 25.9% during the 1st quarter. Nantahala Capital Management LLC now owns 4,189,177 shares of the accessories brand company's stock worth $4,818,000 after purchasing an additional 862,500 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Fossil Group by 43.6% during the first quarter. Goldman Sachs Group Inc. now owns 144,375 shares of the accessories brand company's stock worth $166,000 after purchasing an additional 43,849 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Fossil Group by 93.1% during the first 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. 61.14% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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