Key Points
- Fossil Group CFO Randy Greben purchased 20,980 shares on Nov. 24 at an average price of $2.38, spending about $49,932 and increasing his stake to 170,980 shares — a 13.99% rise in his position.
- In its latest quarter Fossil reported a loss of $0.63 EPS, missing the ($0.36) consensus while revenue of $270.2 million beat estimates of $233.32 million.
- The stock trades near $2.95 with a market cap of roughly $161 million, a consensus analyst rating of Hold and a $5.00 price target, and institutional investors own about 61% of the company.
Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) CFO Randy Greben bought 20,980 shares of the stock in a transaction on Monday, November 24th. The stock was purchased at an average cost of $2.38 per share, with a total value of $49,932.40. Following the completion of the purchase, the chief financial officer directly owned 170,980 shares in the company, valued at $406,932.40. This trade represents a 13.99% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Fossil Group Price Performance
FOSL stock opened at $2.95 on Wednesday. The stock has a market capitalization of $161.19 million, a price-to-earnings ratio of -2.66 and a beta of 2.17. The stock's fifty day simple moving average is $2.44 and its 200-day simple moving average is $2.12. Fossil Group, Inc. has a 52-week low of $0.86 and a 52-week high of $4.40. 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 issued 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 business had revenue of $270.20 million during the quarter, compared to analyst estimates of $233.32 million. Fossil Group had a negative return on equity of 12.07% and a negative net margin of 5.49%.
Analyst Ratings Changes
A number of research firms recently issued reports on FOSL. Weiss Ratings restated a "sell (d-)" rating on shares of Fossil Group in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Fossil Group from a "buy" rating to a "hold" rating in a report on Sunday, October 26th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $5.00.
Check Out Our Latest Research Report on FOSL
Institutional Trading of Fossil Group
A number of institutional investors have recently modified their holdings of the company. Nantahala Capital Management LLC increased its position in 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 purchasing an additional 898,626 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Fossil Group by 0.5% during the second quarter. Ameriprise Financial Inc. now owns 2,461,746 shares of the accessories brand company's stock worth $3,643,000 after buying an additional 13,091 shares during the period. Vanguard Group Inc. increased its position in shares of Fossil Group by 4.9% in the third quarter. Vanguard Group Inc. now owns 2,325,204 shares of the accessories brand company's stock worth $5,976,000 after acquiring an additional 109,316 shares in the last quarter. Two Sigma Investments LP increased its position in shares of Fossil Group by 36.0% in the third quarter. Two Sigma Investments LP now owns 948,114 shares of the accessories brand company's stock worth $2,437,000 after acquiring an additional 251,214 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of Fossil Group by 17.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 761,226 shares of the accessories brand company's stock valued at $1,127,000 after acquiring an additional 111,957 shares during the period. Hedge funds and other institutional investors own 61.14% of the company's stock.
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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