Fossil Group, Inc. (NASDAQ:FOSL – Get Free Report) Director Pamela Edwards acquired 7,208 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average price of $5.58 per share, with a total value of $40,220.64. Following the completion of the transaction, the director owned 50,251 shares of the company’s stock, valued at approximately $280,400.58. This trade represents a 16.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Fossil Group Stock Performance
Shares of NASDAQ:FOSL opened at $5.61 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.05 and a debt-to-equity ratio of 2.74. Fossil Group, Inc. has a 1-year low of $1.70 and a 1-year high of $6.25. The stock has a market capitalization of $331.78 million, a P/E ratio of -4.38 and a beta of 1.62. The business has a 50-day moving average price of $4.64 and a two-hundred day moving average price of $4.47.
Fossil Group (NASDAQ:FOSL – Get Free Report) last issued its earnings results on Wednesday, August 12th. The accessories brand company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.16. Fossil Group had a negative net margin of 7.09% and a negative return on equity of 59.76%. The company had revenue of $209.69 million for the quarter, compared to analyst estimates of $199.33 million. Equities analysts predict that Fossil Group, Inc. will post -0.04 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Read Our Latest Report on FOSL
Institutional Trading of Fossil Group
A number of hedge funds have recently modified their holdings of FOSL. Public Employees Retirement System of Ohio bought a new position in Fossil Group during the 2nd quarter worth approximately $34,000. Carrera Capital Advisors bought a new stake in Fossil Group in the fourth quarter valued at approximately $38,000. Wexford Capital LP bought a new stake in Fossil Group in the third quarter valued at approximately $28,000. Qube Research & Technologies Ltd acquired a new stake in Fossil Group in the third quarter worth $39,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Fossil Group in the second quarter worth $64,000. 61.14% of the stock is currently owned by institutional investors and hedge funds.
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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