Key Points
- Suzanne Coulter bought 28,170 shares at an average price of $3.62 on Dec. 3 for $101,975.40, increasing her holding to 98,457 shares (a 40.08% rise), according to an SEC Form 4 filing.
- Fossil Group shares traded at $4.00 with a market cap of about $218.3M and a negative P/E, after the company reported a quarterly EPS loss of ($0.63) that missed estimates while revenue beat at $270.2M, and it currently shows negative net margin and ROE.
Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) Director Suzanne Coulter bought 28,170 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was purchased at an average cost of $3.62 per share, for a total transaction of $101,975.40. Following the acquisition, the director owned 98,457 shares in the company, valued at $356,414.34. The trade was a 40.08% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Fossil Group Price Performance
FOSL stock traded up $0.41 during trading on Friday, hitting $4.00. 512,606 shares of the stock traded hands, compared to its average volume of 600,896. The stock has a market cap of $218.29 million, a price-to-earnings ratio of -3.14 and a beta of 1.58. Fossil Group, Inc. has a one year low of $0.86 and a one year high of $4.40. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 1.76. The company has a 50 day simple moving average of $2.48 and a 200 day simple moving average of $2.20.
Fossil Group (NASDAQ:FOSL - Get Free Report) last posted its quarterly earnings data on Thursday, November 13th. The accessories brand company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.27). Fossil Group had a negative return on equity of 18.08% and a negative net margin of 6.32%.The firm had revenue of $270.20 million for the quarter, compared to analyst estimates of $233.32 million.
Institutional Trading of Fossil Group
Hedge funds and other institutional investors have recently made changes to their positions in the business. Nantahala Capital Management LLC lifted 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 buying an additional 898,626 shares in the last quarter. Ameriprise Financial Inc. boosted its position 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 valued at $3,643,000 after purchasing an additional 13,091 shares during the last quarter. Vanguard Group Inc. grew its stake in 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 valued at $5,976,000 after purchasing an additional 109,316 shares in the last quarter. Two Sigma Investments LP increased its position in shares of Fossil Group by 36.0% during the 3rd quarter. Two Sigma Investments LP now owns 948,114 shares of the accessories brand company's stock worth $2,437,000 after purchasing an additional 251,214 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in Fossil Group by 17.2% during the second quarter. First Eagle Investment Management LLC now owns 761,226 shares of the accessories brand company's stock worth $1,127,000 after acquiring an additional 111,957 shares in the last quarter. 61.14% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
FOSL has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Fossil Group from a "buy" rating to a "hold" rating in a report on Sunday, October 26th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Fossil Group in a research note on Wednesday, October 8th. 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, the stock currently has an average rating of "Hold" and an average target price of $5.00.
Read Our Latest Research Report on FOSL
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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