Fossil Group (NASDAQ:FOSL) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Fossil Group, Inc. (NASDAQ:FOSL) crossed 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.

Analyst Ratings Changes

Several research analysts have recently commented on FOSL shares. Wall Street Zen raised Fossil Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research upgraded Fossil Group to a “hold” rating in a research note on Friday, February 20th. Northland Securities began coverage on shares of Fossil Group in a report on Thursday, February 19th. They issued an “outperform” rating and a $7.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Fossil Group in a research report on Tuesday, April 21st. Finally, Maxim Group lifted their target price on Fossil Group from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.00.

Fossil Group Stock Up 5.0%

The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.10 and a current ratio of 1.72. The firm has a market cap of $259.45 million, a price-to-earnings ratio of -3.85 and a beta of 1.62. The business’s 50 day moving average price is $4.54 and its 200 day moving average price is $4.12.

Fossil Group (NASDAQ:FOSL) last posted its earnings results on Wednesday, May 13th. The accessories brand company reported ($0.03) earnings per share (EPS) 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 analysts’ expectations of $204.74 million. Fossil Group had a negative net margin of 6.19% and a negative return on equity of 48.51%. On average, equities analysts forecast that Fossil Group, Inc. will post -0.15 EPS for the current year.

Insider Buying and Selling at Fossil Group

In other news, Director Wendy Lee Schoppert bought 24,331 shares of the stock in a transaction dated Monday, May 18th. The shares were acquired at an average cost of $4.14 per share, with a total value of $100,730.34. Following the purchase, the director directly owned 120,625 shares in the company, valued at $499,387.50. The trade was a 25.27% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Fossil Group

Institutional investors and hedge funds have recently modified their holdings of the business. EHP Funds Inc. purchased a new position in Fossil Group during the third quarter worth approximately $28,000. Wexford Capital LP purchased a new stake in shares of Fossil Group in the third quarter valued at approximately $28,000. Carrera Capital Advisors purchased a new stake in shares of Fossil Group in the fourth quarter valued at approximately $38,000. Qube Research & Technologies Ltd acquired a new position in shares of Fossil Group during the 3rd quarter worth approximately $39,000. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Fossil Group during the 3rd quarter worth approximately $45,000. Hedge funds and other institutional investors own 61.14% of the company’s stock.

About Fossil Group

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.