Fossil Group, Inc. (NASDAQ:FOSL – Get Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.12 and traded as high as $4.50. Fossil Group shares last traded at $4.39, with a volume of 512,043 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on FOSL shares. Wall Street Zen raised shares of Fossil Group from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research raised shares of Fossil Group to a “hold” rating in a report on Friday, February 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Fossil Group in a research report on Tuesday, April 21st. Maxim Group raised their price target on Fossil Group from $5.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Finally, Northland Securities started coverage on Fossil Group in a research report on Thursday, February 19th. They issued an “outperform” rating and a $7.00 price target for the company. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $7.00.
Read Our Latest Report on FOSL
Fossil Group Price Performance
Fossil Group (NASDAQ:FOSL – Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The accessories brand company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.25. The firm had revenue of $224.76 million during the quarter, compared to the consensus estimate of $204.74 million. Fossil Group had a negative return on equity of 48.51% and a negative net margin of 6.19%. On average, analysts predict that Fossil Group, Inc. will post -0.15 EPS for the current year.
Insider Buying and Selling
In other Fossil Group news, Director Wendy Lee Schoppert acquired 24,331 shares of Fossil Group stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average price of $4.14 per share, with a total value of $100,730.34. Following the completion of the purchase, the director directly owned 120,625 shares of the company’s stock, valued at approximately $499,387.50. This represents a 25.27% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by company insiders.
Hedge Funds Weigh In On Fossil Group
A number of large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in Fossil Group by 43.6% in the first quarter. Goldman Sachs Group Inc. now owns 144,375 shares of the accessories brand company’s stock worth $166,000 after purchasing an additional 43,849 shares in the last quarter. Jane Street Group LLC increased its position 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 worth $49,000 after purchasing an additional 20,530 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Fossil Group by 154.1% during the first quarter. Acadian Asset Management LLC now owns 459,023 shares of the accessories brand company’s stock worth $527,000 after purchasing an additional 278,391 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Fossil Group during the second quarter worth $122,000. Finally, Nantahala Capital Management LLC increased its position in shares of Fossil Group by 21.5% during the second 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. Institutional investors own 61.14% of the company’s stock.
Fossil Group Company Profile
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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