Fossil Group (NASDAQ:FOSL) Director Purchases $23,700.00 in Stock

Fossil Group, Inc. (NASDAQ:FOSL) Director Pamela Edwards purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was bought at an average price of $2.37 per share, for a total transaction of $23,700.00. Following the purchase, the director owned 12,466 shares in the company, valued at $29,544.42. The trade was a 405.52% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Fossil Group Stock Performance

NASDAQ:FOSL traded up $0.10 during mid-day trading on Monday, hitting $2.51. 1,197,785 shares of the stock were exchanged, compared to its average volume of 582,572. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 1.83. The stock has a market capitalization of $137.15 million, a price-to-earnings ratio of -2.26 and a beta of 2.17. Fossil Group, Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $4.40. The firm’s 50-day simple moving average is $2.44 and its 200 day simple moving average is $2.10.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Fossil Group

Institutional investors have recently made changes to their positions in the stock. EHP Funds Inc. acquired a new position in Fossil Group during the 3rd quarter worth approximately $28,000. Wexford Capital LP acquired a new stake in Fossil Group in the 3rd quarter valued at $28,000. Qube Research & Technologies Ltd bought a new stake in Fossil Group during the 3rd quarter valued at $39,000. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Fossil Group in the third quarter valued at $45,000. Finally, Jane Street Group LLC grew its holdings in shares of 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 valued at $49,000 after buying an additional 20,530 shares during the last quarter. Institutional investors and hedge funds own 61.14% of the company’s stock.

Fossil Group Company Profile

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.