Insider Buying: Fossil Group (NASDAQ:FOSL) Director Purchases 28,170 Shares of Stock

Fossil Group, Inc. (NASDAQ:FOSL) Director Suzanne Coulter acquired 28,170 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was acquired at an average price of $3.62 per share, for a total transaction of $101,975.40. Following the completion of the transaction, the director owned 98,457 shares in the company, valued at approximately $356,414.34. The trade was a 40.08% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Fossil Group Trading Down 4.3%

Shares of Fossil Group stock traded down $0.16 during midday trading on Thursday, reaching $3.59. 528,935 shares of the company’s stock traded hands, compared to its average volume of 601,630. The stock has a 50 day moving average of $2.46 and a 200-day moving average of $2.19. Fossil Group, Inc. has a 12 month low of $0.86 and a 12 month high of $4.40. The company has a market cap of $196.16 million, a PE ratio of -2.83 and a beta of 1.58. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.00 and a current ratio of 1.56.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings results on Thursday, November 13th. The accessories brand company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.27). The company 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 6.32% and a negative return on equity of 18.08%.

Hedge Funds Weigh In On Fossil Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Fossil Group by 85.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 224,530 shares of the accessories brand company’s stock valued at $258,000 after purchasing an additional 103,203 shares during the last quarter. American Century Companies Inc. increased its position in Fossil Group by 356.9% during the 1st quarter. American Century Companies Inc. now owns 129,025 shares of the accessories brand company’s stock valued at $148,000 after buying an additional 100,783 shares in the last quarter. Nantahala Capital Management LLC raised its stake in Fossil Group by 25.9% during the first quarter. Nantahala Capital Management LLC now owns 4,189,177 shares of the accessories brand company’s stock valued at $4,818,000 after buying an additional 862,500 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Fossil Group by 43.6% during the first quarter. Goldman Sachs Group Inc. now owns 144,375 shares of the accessories brand company’s stock valued at $166,000 after buying an additional 43,849 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in Fossil Group by 93.1% in the first quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company’s stock worth $49,000 after acquiring an additional 20,530 shares in the last quarter. Institutional investors own 61.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FOSL shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fossil Group in a research report on Wednesday, October 8th. Wall Street Zen cut Fossil Group from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.00.

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.