Fossil Group (NASDAQ:FOSL) CEO Buys $360,000.00 in Stock

Fossil Group, Inc. (NASDAQ:FOSL) CEO Franco Fogliato bought 200,000 shares of Fossil Group stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average price of $1.80 per share, with a total value of $360,000.00. Following the completion of the purchase, the chief executive officer directly owned 1,950,000 shares in the company, valued at $3,510,000. This trade represents a 11.43% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Fossil Group Stock Performance

Fossil Group stock traded up $0.13 during mid-day trading on Wednesday, hitting $2.03. 658,233 shares of the company’s stock traded hands, compared to its average volume of 565,405. 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 firm has a 50 day simple moving average of $2.50 and a two-hundred day simple moving average of $2.07. Fossil Group, Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $4.40. The stock has a market cap of $110.92 million, a price-to-earnings ratio of -1.83 and a beta of 2.17.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings data on Thursday, November 13th. The accessories brand company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.27). The company had revenue of $270.20 million during the quarter, compared to analyst estimates of $233.32 million. Fossil Group had a negative net margin of 5.49% and a negative return on equity of 12.07%.

Hedge Funds Weigh In On Fossil Group

Several hedge funds have recently bought and sold shares of the company. Nantahala Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 898,626 shares during the period. Ameriprise Financial Inc. raised 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 in the last quarter. Vanguard Group Inc. raised its position in Fossil Group by 4.9% during 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 lifted its stake in Fossil Group by 36.0% during the third 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 boosted its holdings 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 purchasing an additional 111,957 shares in the last quarter. 61.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FOSL. Weiss Ratings restated a “sell (d-)” rating on shares of Fossil Group in a research report on Wednesday, October 8th. Wall Street Zen lowered Fossil Group from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.00.

About Fossil Group

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.