Fossil Group, Inc. (FOSL) VP Buys $94,380.00 in Stock
Fossil Group, Inc. (NASDAQ:FOSL) VP John A. White bought 13,000 shares of Fossil Group stock in a transaction on Wednesday, August 23rd. The shares were purchased at an average cost of $7.26 per share, for a total transaction of $94,380.00. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Fossil Group, Inc. (FOSL) opened at 8.64 on Friday. The firm’s market capitalization is $419.22 million. The company has a 50-day moving average price of $9.74 and a 200 day moving average price of $13.86. Fossil Group, Inc. has a 52-week low of $6.80 and a 52-week high of $36.87.
Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.05. The business had revenue of $596.80 million for the quarter, compared to analyst estimates of $617.89 million. Fossil Group had a negative net margin of 11.33% and a positive return on equity of 6.34%. The firm’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter last year, the business posted $0.12 EPS. Analysts expect that Fossil Group, Inc. will post $0.47 EPS for the current fiscal year.
A number of research analysts have commented on FOSL shares. ValuEngine downgraded Fossil Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research raised Fossil Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 8th. Wells Fargo & Company set a $12.00 target price on Fossil Group and gave the stock a “sell” rating in a report on Wednesday, May 10th. BidaskClub raised Fossil Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Bank of America Corporation set a $7.00 target price on Fossil Group and gave the stock a “sell” rating in a report on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $16.23.
Several hedge funds have recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC purchased a new stake in Fossil Group during the second quarter valued at about $204,000. Renaissance Technologies LLC purchased a new stake in Fossil Group during the fourth quarter valued at about $217,000. Acadian Asset Management LLC purchased a new stake in Fossil Group during the second quarter valued at about $113,000. Koch Industries Inc. purchased a new stake in Fossil Group during the first quarter valued at about $196,000. Finally, GSA Capital Partners LLP purchased a new stake in Fossil Group during the second quarter valued at about $120,000. Institutional investors and hedge funds own 97.21% of the company’s stock.
Fossil Group Company Profile
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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