Fossil Group (NASDAQ:FOSL) Director Pamela Edwards Buys 7,208 Shares

Fossil Group, Inc. (NASDAQ:FOSL) Director Pamela Edwards purchased 7,208 shares of Fossil Group stock in a transaction dated Thursday, August 20th. The stock was bought at an average cost of $5.58 per share, with a total value of $40,220.64. Following the completion of the transaction, the director directly owned 50,251 shares of the company’s stock, valued at $280,400.58. This represents a 16.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Fossil Group Stock Up 0.5%

Fossil Group stock opened at $5.61 on Friday. Fossil Group, Inc. has a twelve month low of $1.70 and a twelve month high of $6.25. The company has a debt-to-equity ratio of 2.74, a quick ratio of 1.05 and a current ratio of 1.76. The firm has a market cap of $331.78 million, a PE ratio of -4.38 and a beta of 1.62. The firm’s 50 day moving average price is $4.64 and its two-hundred day moving average price is $4.47.

Fossil Group (NASDAQ:FOSL) last issued its earnings results on Wednesday, August 12th. The accessories brand company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.16. Fossil Group had a negative net margin of 7.09% and a negative return on equity of 59.76%. The company had revenue of $209.69 million during the quarter, compared to analyst estimates of $199.33 million. On average, research analysts predict that Fossil Group, Inc. will post -0.04 EPS for the current fiscal year.

Institutional Trading of Fossil Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in shares of Fossil Group in the second quarter worth about $34,000. Carrera Capital Advisors acquired a new position in shares of Fossil Group during the fourth quarter worth approximately $38,000. Bridgeway Capital Management LLC boosted its position in shares of Fossil Group by 2.5% in the second quarter. Bridgeway Capital Management LLC now owns 425,182 shares of the accessories brand company’s stock valued at $629,000 after acquiring an additional 10,249 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Fossil Group by 6.8% in the first quarter. Dimensional Fund Advisors LP now owns 163,035 shares of the accessories brand company’s stock worth $702,000 after acquiring an additional 10,399 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in Fossil Group by 9.3% during the 1st quarter. Empowered Funds LLC now owns 124,999 shares of the accessories brand company’s stock valued at $539,000 after purchasing an additional 10,596 shares during the last quarter. 61.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Northland Securities set a $8.00 price objective on Fossil Group in a report on Thursday, August 13th. Wall Street Zen upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Fossil Group in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.50.

About Fossil Group

Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.

The group’s wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.