Fossil Group, Inc. (NASDAQ:FOSL) CEO Acquires $152,309.75 in Stock

Fossil Group, Inc. (NASDAQ:FOSL) CEO Franco Fogliato purchased 111,175 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was purchased at an average price of $1.37 per share, for a total transaction of $152,309.75. Following the purchase, the chief executive officer now directly owns 1,611,175 shares of the company’s stock, valued at $2,207,309.75. This trade represents a 7.41 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Fossil Group Stock Performance

Shares of NASDAQ:FOSL traded down $0.03 during trading hours on Friday, hitting $1.46. The stock had a trading volume of 249,425 shares, compared to its average volume of 544,997. The stock’s fifty day simple moving average is $1.22 and its 200 day simple moving average is $1.24. Fossil Group, Inc. has a 1-year low of $0.75 and a 1-year high of $1.74. The firm has a market capitalization of $77.66 million, a price-to-earnings ratio of -0.63 and a beta of 2.18. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81.

Institutional Investors Weigh In On Fossil Group

Several large investors have recently made changes to their positions in FOSL. AQR Capital Management LLC acquired a new position in shares of Fossil Group during the second quarter valued at approximately $28,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of Fossil Group by 91.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company’s stock valued at $29,000 after acquiring an additional 9,624 shares during the period. XTX Topco Ltd acquired a new position in shares of Fossil Group during the third quarter valued at approximately $48,000. Price T Rowe Associates Inc. MD increased its stake in shares of Fossil Group by 97.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 99,488 shares of the accessories brand company’s stock valued at $102,000 after acquiring an additional 49,100 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Fossil Group during the second quarter valued at approximately $131,000. Institutional investors and hedge funds own 61.14% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Fossil Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

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.