Key Points
- Director Pamela Edwards bought 7,208 Fossil Group shares at an average price of $5.58, investing $40,220.64 and increasing her holdings by 16.75% to 50,251 shares.
- Fossil Group reported quarterly EPS of $(0.13), beating estimates of $(0.29), while revenue of $209.69 million exceeded the $199.33 million consensus forecast.
- FOSL shares opened at $5.61, near the middle of their $1.70–$6.25 one-year range. Analysts maintain a consensus “Hold” rating with an average price target of $7.50.
Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) Director Pamela Edwards acquired 7,208 shares of the company's stock in a transaction dated Thursday, August 20th. The stock was acquired at an average price of $5.58 per share, with a total value of $40,220.64. Following the purchase, the director owned 50,251 shares in the company, valued at approximately $280,400.58. This represents a 16.75% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Fossil Group Stock Up 0.5%
NASDAQ FOSL opened at $5.61 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.05 and a debt-to-equity ratio of 2.74. The company has a market capitalization of $331.78 million, a price-to-earnings ratio of -4.38 and a beta of 1.62. Fossil Group, Inc. has a 1-year low of $1.70 and a 1-year high of $6.25. The stock's 50 day moving average is $4.64 and its two-hundred day moving average is $4.47.
Fossil Group (NASDAQ:FOSL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The accessories brand company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.16. Fossil Group had a negative return on equity of 59.76% and a negative net margin of 7.09%.The firm had revenue of $209.69 million for the quarter, compared to the consensus estimate of $199.33 million. Equities analysts forecast that Fossil Group, Inc. will post -0.04 earnings per share for the current fiscal year.
Institutional Trading of Fossil Group
Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new position in Fossil Group during the second quarter valued at approximately $34,000. Carrera Capital Advisors bought a new position in shares of Fossil Group in the fourth quarter valued at $38,000. Bridgeway Capital Management LLC grew its stake in shares of Fossil Group by 2.5% in the second quarter. Bridgeway Capital Management LLC now owns 425,182 shares of the accessories brand company's stock valued at $629,000 after buying an additional 10,249 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Fossil Group by 6.8% during the first quarter. Dimensional Fund Advisors LP now owns 163,035 shares of the accessories brand company's stock worth $702,000 after buying an additional 10,399 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in Fossil Group by 9.3% during the first quarter. Empowered Funds LLC now owns 124,999 shares of the accessories brand company's stock worth $539,000 after buying an additional 10,596 shares during the last quarter. Institutional investors and hedge funds own 61.14% of the company's stock.
Analyst Ratings Changes
Several research analysts have weighed in on FOSL shares. Northland Securities set a $8.00 target price on Fossil Group in a report on Thursday, August 13th. Wall Street Zen upgraded shares of Fossil Group from a "sell" rating to a "hold" rating in a report on Saturday, May 16th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Fossil Group in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $7.50.
Read Our Latest Research Report on FOSL
About Fossil Group
(
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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