Insider Buying: Fossil Group (NASDAQ:FOSL) CFO Acquires 20,980 Shares of Stock

Fossil Group, Inc. (NASDAQ:FOSL) CFO Randy Greben acquired 20,980 shares of the company’s stock in a transaction on Monday, November 24th. The shares were bought at an average price of $2.38 per share, with a total value of $49,932.40. Following the completion of the purchase, the chief financial officer directly owned 170,980 shares of the company’s stock, valued at approximately $406,932.40. This represents a 13.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fossil Group Price Performance

NASDAQ:FOSL traded up $0.44 on Tuesday, reaching $2.95. The stock had a trading volume of 2,469,436 shares, compared to its average volume of 590,966. The company has a quick ratio of 1.17, a current ratio of 1.83 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $161.19 million, a P/E ratio of -2.66 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 stock has a fifty day moving average price of $2.44 and a 200-day moving average price of $2.12.

Fossil Group (NASDAQ:FOSL) last released 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 the consensus estimate of $233.32 million.

Institutional Investors Weigh In On Fossil Group

Several institutional investors have recently modified their holdings of FOSL. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Fossil Group by 85.1% in 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 acquiring an additional 103,203 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Fossil Group by 356.9% in the 1st quarter. American Century Companies Inc. now owns 129,025 shares of the accessories brand company’s stock valued at $148,000 after purchasing an additional 100,783 shares during the period. Nantahala Capital Management LLC boosted its position in shares of Fossil Group by 25.9% in the 1st quarter. Nantahala Capital Management LLC now owns 4,189,177 shares of the accessories brand company’s stock worth $4,818,000 after purchasing an additional 862,500 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Fossil Group by 43.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 144,375 shares of the accessories brand company’s stock worth $166,000 after purchasing an additional 43,849 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Fossil Group by 93.1% during the first quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company’s stock worth $49,000 after purchasing an additional 20,530 shares during the period. Institutional investors and hedge funds own 61.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Fossil Group from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fossil Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently 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.