Key Points
- Fossil Group director Wendy Lee Schoppert bought 24,331 shares on May 18 at an average price of $4.14, a transaction worth about $100,730. Her holdings rose to 120,625 shares, increasing her ownership by 25.27%.
- The stock rose 1.8% and opened at $3.95, with Fossil trading near the middle of its 52-week range of $1.27 to $5.74. The company has a market cap of about $233.45 million and a debt-to-equity ratio of 2.32.
- Recent earnings topped expectations as Fossil reported a loss of $0.03 per share versus the expected loss of $0.28, and revenue of $224.76 million versus estimates of $204.74 million. Analysts currently have a consensus Hold rating with an average price target of $7.00.
Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) Director Wendy Lee Schoppert bought 24,331 shares of the stock in a transaction dated Monday, May 18th. The stock was purchased at an average cost of $4.14 per share, for a total transaction of $100,730.34. Following the acquisition, the director owned 120,625 shares of the company's stock, valued at approximately $499,387.50. This represents a 25.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Fossil Group Stock Up 1.8%
Shares of NASDAQ:FOSL opened at $3.95 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.72 and a debt-to-equity ratio of 2.32. Fossil Group, Inc. has a fifty-two week low of $1.27 and a fifty-two week high of $5.74. The firm's 50-day simple moving average is $4.58 and its 200-day simple moving average is $3.88. The company has a market cap of $233.45 million, a price-to-earnings ratio of -3.46 and a beta of 1.64.
Fossil Group (NASDAQ:FOSL - Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The accessories brand company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.25. The firm had revenue of $224.76 million during the quarter, compared to analysts' expectations of $204.74 million. Fossil Group had a negative net margin of 6.19% and a negative return on equity of 48.51%. As a group, equities research analysts predict that Fossil Group, Inc. will post -0.15 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on FOSL shares. Wall Street Zen raised shares of Fossil Group from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. Northland Securities initiated coverage on shares of Fossil Group in a report on Thursday, February 19th. They issued an "outperform" rating and a $7.00 target price for the company. Weiss Ratings restated a "sell (d-)" rating on shares of Fossil Group in a report on Tuesday, April 21st. Maxim Group boosted their target price on shares of Fossil Group from $5.00 to $7.00 and gave the company a "buy" rating in a report on Thursday, March 12th. Finally, Zacks Research upgraded shares of Fossil Group to a "hold" rating in a report on Friday, February 20th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $7.00.
Get Our Latest Report on FOSL
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in FOSL. EHP Funds Inc. purchased a new position in shares of Fossil Group in the third quarter valued at $28,000. Wexford Capital LP purchased a new position in shares of Fossil Group in the third quarter valued at $28,000. Carrera Capital Advisors purchased a new position in shares of Fossil Group in the fourth quarter valued at $38,000. Qube Research & Technologies Ltd purchased a new position in shares of Fossil Group in the third quarter valued at $39,000. Finally, Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of Fossil Group in the third quarter valued at $45,000. 61.14% of the stock is currently owned by hedge funds and other institutional investors.
Fossil Group Company Profile
(
Get Free Report)
Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.
The group's wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.
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