Fossil Group, Inc. (NASDAQ:FOSL) Chairman Kosta N. Kartsotis sold 625,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $9.73, for a total transaction of $6,081,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Fossil Group, Inc. (NASDAQ:FOSL) traded down 1.08% during trading on Friday, hitting $9.20. 3,898,403 shares of the company were exchanged. The stock has a market capitalization of $445.87 million, a PE ratio of 18.04 and a beta of 0.74. Fossil Group, Inc. has a 1-year low of $8.98 and a 1-year high of $36.87. The firm’s 50 day moving average price is $12.84 and its 200-day moving average price is $20.08.

Fossil Group (NASDAQ:FOSL) last issued its earnings results on Tuesday, May 9th. The textile maker reported ($0.35) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.14. The firm had revenue of $582 million during the quarter, compared to analysts’ expectations of $590.51 million. Fossil Group had a net margin of 0.84% and a return on equity of 7.59%. Fossil Group’s quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. Equities analysts predict that Fossil Group, Inc. will post $0.84 EPS for the current year.

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A number of analysts have weighed in on FOSL shares. Vetr lowered shares of Fossil Group from a “strong-buy” rating to a “buy” rating and set a $21.01 price objective for the company. in a research note on Wednesday, February 22nd. TheStreet lowered shares of Fossil Group from a “c-” rating to a “d+” rating in a research note on Thursday, May 11th. Jefferies Group LLC set a $19.00 price objective on shares of Fossil Group and gave the company a “hold” rating in a research note on Thursday, March 16th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Fossil Group in a research note on Thursday, March 16th. Finally, Zacks Investment Research upgraded shares of Fossil Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 8th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. Fossil Group has a consensus rating of “Hold” and an average price target of $20.11.

A number of large investors have recently modified their holdings of FOSL. Russell Investments Group Ltd. purchased a new stake in shares of Fossil Group during the fourth quarter worth approximately $1,518,000. State Board of Administration of Florida Retirement System raised its stake in shares of Fossil Group by 14.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 25,517 shares of the textile maker’s stock worth $660,000 after buying an additional 3,198 shares in the last quarter. Comerica Bank raised its stake in shares of Fossil Group by 6.4% in the fourth quarter. Comerica Bank now owns 31,553 shares of the textile maker’s stock worth $794,000 after buying an additional 1,906 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Fossil Group by 55.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 936,186 shares of the textile maker’s stock worth $24,210,000 after buying an additional 332,793 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Fossil Group during the fourth quarter worth approximately $522,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

About Fossil Group

Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity.

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