News headlines about Fossil Group (NASDAQ:FOSL) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fossil Group earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news stories about the accessories brand company an impact score of 46.8765519186149 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Fossil Group Inc (FOSL) CEO Kosta N. Kartsotis Sells 20,000 Shares (americanbankingnews.com)
- Fossil Group Inc (FOSL) Chairman Sells $2,216,810.40 in Stock (americanbankingnews.com)
- Fossil Group, Inc., (NASDAQ: FOSL) – An Eye on Volatility – Stock Watch (stocksnewstimes.com)
- Most Recent Figure Make This Stock Even More Attractive – Fossil Group Inc (NASDAQ: FOSL) – Alpha Beta Stock (alphabetastock.com)
- Fossil Group Inc (FOSL) Short Interest Update (americanbankingnews.com)
Shares of Fossil Group (NASDAQ:FOSL) opened at $12.58 on Wednesday. Fossil Group has a 52 week low of $5.50 and a 52 week high of $18.44. The company has a market capitalization of $611.47, a price-to-earnings ratio of -1.27 and a beta of -0.12. The company has a quick ratio of 1.41, a current ratio of 2.54 and a debt-to-equity ratio of 0.76.
FOSL has been the topic of several recent analyst reports. BidaskClub cut shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research cut shares of Fossil Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. ValuEngine cut shares of Fossil Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Buckingham Research lowered Fossil Group from a “neutral” rating to an “underperform” rating in a research note on Friday, January 5th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $25.00 price target (up previously from $15.00) on shares of Fossil Group in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.46.
In other Fossil Group news, CEO Kosta N. Kartsotis sold 15,421 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $13.99, for a total transaction of $215,739.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 679,972 shares of company stock valued at $9,041,909 in the last three months. Insiders own 12.80% of the company’s stock.
About Fossil Group
Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity.
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