Fossil Group (NASDAQ:FOSL) CFO Purchases $49,932.40 in Stock

Fossil Group, Inc. (NASDAQ:FOSL) CFO Randy Greben acquired 20,980 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were purchased at an average price of $2.38 per share, with a total value of $49,932.40. Following the acquisition, the chief financial officer owned 170,980 shares of the company’s stock, valued at approximately $406,932.40. This trade represents a 13.99% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fossil Group Trading Up 17.5%

FOSL traded up $0.44 during mid-day trading on Tuesday, hitting $2.95. The stock had a trading volume of 2,469,436 shares, compared to its average volume of 590,966. The stock’s fifty day simple moving average is $2.44 and its 200-day simple moving average is $2.12. The firm has a market capitalization of $161.19 million, a price-to-earnings ratio of -2.66 and a beta of 2.17. Fossil Group, Inc. has a 1-year low of $0.86 and a 1-year high of $4.40. 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 (NASDAQ:FOSL) last released its quarterly earnings data on Thursday, November 13th. The accessories brand company reported ($0.63) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.27). The firm had revenue of $270.20 million during the quarter, compared to the consensus estimate of $233.32 million. Fossil Group had a negative net margin of 5.49% and a negative return on equity of 12.07%.

Institutional Investors Weigh In On Fossil Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nantahala Capital Management LLC increased its holdings in Fossil Group by 21.5% in 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 purchasing an additional 898,626 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Fossil Group by 0.5% in 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 buying an additional 13,091 shares during the period. Vanguard Group Inc. increased its stake in shares of Fossil Group by 4.9% in 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 buying an additional 109,316 shares during the period. Two Sigma Investments LP raised its holdings in Fossil Group by 36.0% in the 3rd quarter. Two Sigma Investments LP now owns 948,114 shares of the accessories brand company’s stock valued at $2,437,000 after buying an additional 251,214 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its position in Fossil Group by 17.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 761,226 shares of the accessories brand company’s stock worth $1,127,000 after buying an additional 111,957 shares during the period. Institutional investors own 61.14% of the company’s stock.

Analyst Ratings Changes

FOSL has been the subject of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Fossil Group in a report on Wednesday, October 8th. Wall Street Zen downgraded Fossil Group from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Fossil Group presently has a consensus rating of “Hold” and an average 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.