Fossil Group (NASDAQ:FOSL) Director Wendy Lee Schoppert Acquires 24,331 Shares

Fossil Group, Inc. (NASDAQ:FOSL) Director Wendy Lee Schoppert acquired 24,331 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average cost of $4.14 per share, with a total value of $100,730.34. Following the transaction, the director directly owned 120,625 shares in the company, valued at $499,387.50. This trade represents a 25.27% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Fossil Group Price Performance

Fossil Group stock opened at $3.95 on Thursday. The firm has a market cap of $233.45 million, a PE ratio of -3.46 and a beta of 1.64. Fossil Group, Inc. has a 52-week low of $1.27 and a 52-week high of $5.74. The company has a quick ratio of 1.10, a current ratio of 1.72 and a debt-to-equity ratio of 2.32. The company’s 50 day moving average is $4.58 and its two-hundred day moving average is $3.88.

Fossil Group (NASDAQ:FOSL) last released its earnings results on Wednesday, May 13th. The accessories brand company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.25. The company had revenue of $224.76 million for the quarter, compared to analyst estimates 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, research analysts expect that Fossil Group, Inc. will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Fossil Group

Several hedge funds and other institutional investors have recently bought and sold shares of FOSL. Nantahala Capital Management LLC grew its position in Fossil Group by 21.5% during the 2nd 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 during the last quarter. Ameriprise Financial Inc. grew its position in Fossil Group by 0.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,461,746 shares of the accessories brand company’s stock worth $3,643,000 after purchasing an additional 13,091 shares during the last quarter. Vanguard Group Inc. grew its position in Fossil Group by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,325,204 shares of the accessories brand company’s stock worth $5,976,000 after purchasing an additional 109,316 shares during the last quarter. Kanen Wealth Management LLC purchased a new position in Fossil Group during the 4th quarter worth $5,515,000. Finally, Two Sigma Investments LP grew its position in Fossil Group by 36.0% during the 3rd quarter. Two Sigma Investments LP now owns 948,114 shares of the accessories brand company’s stock worth $2,437,000 after purchasing an additional 251,214 shares during the last quarter. 61.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FOSL shares. Northland Securities started coverage on shares of Fossil Group in a report on Thursday, February 19th. They set an “outperform” rating and a $7.00 target price on the stock. Maxim Group increased their target price on shares of Fossil Group from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Zacks Research upgraded shares of Fossil Group to a “hold” rating in a report on Friday, February 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fossil Group in a report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Two 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.00.

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.