Fossil Group (NASDAQ:FOSL) Director Buys $79,200.00 in Stock

Fossil Group, Inc. (NASDAQ:FOSL) Director Gail Tifford bought 33,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was acquired at an average cost of $2.40 per share, for a total transaction of $79,200.00. Following the completion of the purchase, the director directly owned 135,925 shares of the company’s stock, valued at $326,220. The trade was a 32.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Fossil Group Trading Up 4.1%

NASDAQ:FOSL traded up $0.10 during mid-day trading on Monday, reaching $2.51. 1,197,785 shares of the company’s stock traded hands, compared to its average volume of 582,572. The company has a 50 day moving average price of $2.45 and a 200-day moving average price of $2.10. The firm has a market capitalization of $137.15 million, a price-to-earnings ratio of -2.26 and a beta of 2.17. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.83 and a quick ratio of 1.17. Fossil Group, Inc. has a 12-month low of $0.86 and a 12-month high of $4.40.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Fossil Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EHP Funds Inc. purchased a new position in Fossil Group during the third quarter valued at $28,000. Wexford Capital LP purchased a new stake in shares of Fossil Group in the 3rd quarter worth about $28,000. Qube Research & Technologies Ltd bought a new position in shares of Fossil Group in the 3rd quarter worth about $39,000. Texas Capital Bank Wealth Management Services Inc purchased a new position in Fossil Group during the 3rd quarter valued at about $45,000. Finally, Jane Street Group LLC boosted its stake in Fossil Group by 93.1% during the first quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company’s stock worth $49,000 after acquiring an additional 20,530 shares in the last quarter. 61.14% of the stock is owned by hedge funds and other institutional investors.

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.