Fossil Group, Inc. (FOSL) Insider Acquires $49,999.80 in Stock
Fossil Group, Inc. (NASDAQ:FOSL) insider Gregory A. Mckelvey acquired 5,988 shares of the company’s stock in a transaction on Friday, August 25th. The stock was acquired at an average price of $8.35 per share, with a total value of $49,999.80. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Gregory A. Mckelvey also recently made the following trade(s):
- On Friday, August 11th, Gregory A. Mckelvey acquired 32,798 shares of Fossil Group stock. The stock was acquired at an average price of $8.51 per share, with a total value of $279,110.98.
Fossil Group, Inc. (FOSL) remained flat at $8.84 on Tuesday. 1,213,992 shares of the company traded hands. The stock’s 50-day moving average is $9.74 and its 200-day moving average is $13.86. Fossil Group, Inc. has a 52-week low of $6.80 and a 52-week high of $36.87. The firm’s market cap is $428.93 million.
Fossil Group (NASDAQ:FOSL) last posted its earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.05. Fossil Group had a negative net margin of 11.33% and a positive return on equity of 6.34%. The firm had revenue of $596.80 million during the quarter, compared to the consensus estimate of $617.89 million. During the same quarter last year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was down 12.9% on a year-over-year basis. On average, equities research analysts anticipate that Fossil Group, Inc. will post $0.47 EPS for the current year.
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A number of hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its stake in Fossil Group by 21.2% in the first quarter. Nisa Investment Advisors LLC now owns 14,300 shares of the accessories brand company’s stock valued at $250,000 after buying an additional 2,500 shares during the period. FDO Partners LLC bought a new stake in Fossil Group during the first quarter valued at $3,379,000. State Board of Administration of Florida Retirement System increased its stake in Fossil Group by 10.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 28,132 shares of the accessories brand company’s stock valued at $491,000 after buying an additional 2,615 shares during the period. HighTower Advisors LLC bought a new stake in Fossil Group during the first quarter valued at $1,212,000. Finally, Comerica Bank increased its stake in Fossil Group by 50.5% in the first quarter. Comerica Bank now owns 47,498 shares of the accessories brand company’s stock valued at $838,000 after buying an additional 15,945 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.
FOSL has been the subject of several research analyst reports. Buckingham Research upgraded Fossil Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 20th. ValuEngine cut Fossil Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet cut Fossil Group from a “c-” rating to a “d+” rating in a report on Thursday, May 11th. Zacks Investment Research upgraded Fossil Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 8th. Finally, Wells Fargo & Company set a $12.00 price objective on Fossil Group and gave the stock a “sell” rating in a report on Wednesday, May 10th. Four equities 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’s stock. The company has an average rating of “Hold” and an average price target of $16.23.
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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