Insider Buying: Fossil Group (NASDAQ:FOSL) Director Purchases $23,700.00 in Stock

Fossil Group, Inc. (NASDAQ:FOSL) Director Pamela Edwards purchased 10,000 shares of the stock in a transaction dated Friday, November 21st. The shares were acquired at an average cost of $2.37 per share, for a total transaction of $23,700.00. Following the completion of the acquisition, the director directly owned 12,466 shares of the company’s stock, valued at approximately $29,544.42. This trade represents a 405.52% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Fossil Group Trading Up 4.1%

Shares of Fossil Group stock traded up $0.10 on Monday, reaching $2.51. 1,197,785 shares of the company were exchanged, compared to its average volume of 582,572. The company has a current ratio of 1.83, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $137.15 million, a price-to-earnings ratio of -2.26 and a beta of 2.17. The stock has a fifty day moving average price of $2.44 and a 200-day moving average price of $2.10. Fossil Group, Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $4.40.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Thursday, November 13th. The accessories brand company reported ($0.63) 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 business had revenue of $270.20 million for the quarter, compared to analyst estimates of $233.32 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FOSL. American Century Companies Inc. boosted its holdings in Fossil Group by 356.9% during the first quarter. American Century Companies Inc. now owns 129,025 shares of the accessories brand company’s stock worth $148,000 after purchasing an additional 100,783 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Fossil Group by 85.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 224,530 shares of the accessories brand company’s stock valued at $258,000 after purchasing an additional 103,203 shares during the last quarter. Nantahala Capital Management LLC grew its stake in Fossil Group by 25.9% in the first quarter. Nantahala Capital Management LLC now owns 4,189,177 shares of the accessories brand company’s stock valued at $4,818,000 after purchasing an additional 862,500 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Fossil Group by 43.6% in the first quarter. Goldman Sachs Group Inc. now owns 144,375 shares of the accessories brand company’s stock valued at $166,000 after purchasing an additional 43,849 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Fossil Group by 17.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 761,226 shares of the accessories brand company’s stock worth $1,127,000 after purchasing an additional 111,957 shares during the last quarter. 61.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FOSL has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Fossil Group in a research note on Wednesday, October 8th. Wall Street Zen cut Fossil Group from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Fossil Group has a consensus rating of “Hold” and a consensus target price 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.