Fossil Group Inc (NASDAQ:FOSL) has earned an average recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $10.33.
A number of equities analysts have recently commented on FOSL shares. TheStreet downgraded Fossil Group from a “c-” rating to a “d” rating in a report on Thursday, November 7th. Zacks Investment Research upgraded Fossil Group from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Wednesday, October 23rd. BidaskClub downgraded Fossil Group from a “hold” rating to a “sell” rating in a report on Thursday. Wells Fargo & Co dropped their target price on Fossil Group from $8.00 to $6.00 and set an “underperform” rating on the stock in a report on Thursday, November 7th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $12.00 target price (down from $15.00) on shares of Fossil Group in a report on Monday, August 5th.
Shares of FOSL traded up $0.07 during trading hours on Monday, reaching $7.89. 1,006,100 shares of the company traded hands, compared to its average volume of 1,558,553. The stock has a fifty day simple moving average of $10.98 and a 200 day simple moving average of $11.36. The stock has a market capitalization of $400.60 million, a PE ratio of 10.12 and a beta of 0.40. The company has a quick ratio of 0.99, a current ratio of 2.06 and a debt-to-equity ratio of 1.04. Fossil Group has a fifty-two week low of $7.67 and a fifty-two week high of $22.24.
In related news, EVP Gregory A. Mckelvey bought 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average cost of $9.86 per share, for a total transaction of $986,000.00. Following the acquisition, the executive vice president now owns 432,093 shares in the company, valued at approximately $4,260,436.98. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Darren E. Hart bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were bought at an average price of $10.03 per share, for a total transaction of $200,600.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 153,600 shares of company stock worth $1,529,992. Company insiders own 8.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of FOSL. Marshall Wace North America L.P. acquired a new stake in Fossil Group during the 1st quarter valued at approximately $26,000. Commerzbank Aktiengesellschaft FI lifted its position in Fossil Group by 10.1% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 30,817 shares of the accessories brand company’s stock worth $354,000 after acquiring an additional 2,838 shares during the last quarter. Strs Ohio lifted its position in Fossil Group by 15.6% during the second quarter. Strs Ohio now owns 57,100 shares of the accessories brand company’s stock worth $656,000 after acquiring an additional 7,700 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Fossil Group during the second quarter worth approximately $181,000. Finally, BNP Paribas Arbitrage SA lifted its position in Fossil Group by 60.8% during the second quarter. BNP Paribas Arbitrage SA now owns 18,954 shares of the accessories brand company’s stock worth $218,000 after acquiring an additional 7,168 shares during the last quarter.
Fossil Group Company Profile
Fossil Group, Inc designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. Its principal products include men's and women's fashion watches and jewelry, smartwatches, handbags, small leather goods, belts, and sunglasses.
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