Fossil Group Inc (NASDAQ:FOSL)’s share price rose 5.3% during trading on Thursday . The stock traded as high as $7.79 and last traded at $7.76, approximately 1,944,718 shares were traded during trading. An increase of 34% from the average daily volume of 1,455,475 shares. The stock had previously closed at $7.37.
FOSL has been the topic of several research analyst reports. Zacks Investment Research upgraded Fossil Group from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Wednesday, October 23rd. TheStreet lowered Fossil Group from a “c-” rating to a “d” rating in a research report on Thursday, November 7th. ValuEngine upgraded Fossil Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Finally, BidaskClub upgraded Fossil Group from a “sell” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Fossil Group presently has a consensus rating of “Hold” and an average target price of $11.00.
The firm has a fifty day simple moving average of $8.71 and a 200-day simple moving average of $10.56. The firm has a market cap of $372.31 million, a P/E ratio of 18.42 and a beta of 0.25. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.06 and a quick ratio of 0.99.
Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings results on Wednesday, November 6th. The accessories brand company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.55). The firm had revenue of $539.50 million during the quarter, compared to the consensus estimate of $569.20 million. Fossil Group had a return on equity of 3.84% and a net margin of 0.10%. On average, equities analysts predict that Fossil Group Inc will post 0.12 earnings per share for the current year.
In other news, EVP Gregory A. Mckelvey purchased 8,550 shares of the business’s stock in a transaction on Monday, November 18th. The shares were acquired at an average price of $7.25 per share, for a total transaction of $61,987.50. Following the completion of the acquisition, the executive vice president now owns 525,257 shares in the company, valued at $3,808,113.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the company. Maverick Capital Ltd. purchased a new stake in shares of Fossil Group in the third quarter worth approximately $7,019,000. Public Employees Retirement System of Ohio raised its stake in shares of Fossil Group by 10.8% in the third quarter. Public Employees Retirement System of Ohio now owns 124,103 shares of the accessories brand company’s stock worth $1,553,000 after purchasing an additional 12,053 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Fossil Group by 2.5% in the third quarter. California State Teachers Retirement System now owns 84,727 shares of the accessories brand company’s stock worth $1,060,000 after purchasing an additional 2,052 shares during the last quarter. Ancora Advisors LLC purchased a new stake in shares of Fossil Group in the third quarter worth approximately $125,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Fossil Group by 3,247.5% in the third quarter. Tower Research Capital LLC TRC now owns 7,465 shares of the accessories brand company’s stock worth $93,000 after purchasing an additional 7,242 shares during the last quarter. 97.82% of the stock is owned by hedge funds and other institutional investors.
About Fossil Group (NASDAQ:FOSL)
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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