Fossil Group (NASDAQ:FOSL) Director Gail Tifford Purchases 33,000 Shares of Stock

Fossil Group, Inc. (NASDAQ:FOSL) Director Gail Tifford bought 33,000 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was bought at an average cost of $2.40 per share, for a total transaction of $79,200.00. Following the completion of the purchase, the director directly owned 135,925 shares of the company’s stock, valued at $326,220. This represents a 32.06% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Fossil Group Price Performance

FOSL stock traded up $0.10 during midday trading on Monday, reaching $2.51. The company had a trading volume of 1,197,785 shares, compared to its average volume of 582,572. The firm has a 50-day moving average price of $2.45 and a 200-day moving average price of $2.10. The company has a market capitalization of $137.15 million, a P/E ratio of -2.26 and a beta of 2.17. Fossil Group, Inc. has a 1 year low of $0.86 and a 1 year high of $4.40. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.83 and a quick ratio of 1.17.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings data on Thursday, November 13th. The accessories brand company reported ($0.63) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.27). Fossil Group had a negative return on equity of 12.07% and a negative net margin of 5.49%.The company had revenue of $270.20 million for the quarter, compared to the consensus estimate of $233.32 million.

Institutional Investors Weigh In On Fossil Group

A number of hedge funds and other institutional investors have recently modified their holdings of FOSL. EHP Funds Inc. purchased a new stake in Fossil Group during the 3rd quarter valued at about $28,000. Wexford Capital LP bought a new stake in Fossil Group in the third quarter valued at approximately $28,000. Qube Research & Technologies Ltd purchased a new stake in shares of Fossil Group during the third quarter valued at approximately $39,000. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Fossil Group in the third quarter worth approximately $45,000. Finally, Jane Street Group LLC increased its stake in shares of 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 buying an additional 20,530 shares during the period. Institutional investors own 61.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FOSL shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fossil Group in a report on Wednesday, October 8th. Wall Street Zen downgraded 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 given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.00.

About Fossil Group

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.