Fossil Group, Inc. (NASDAQ:FOSL) EVP Gregory A. Mckelvey bought 110,000 shares of Fossil Group stock in a transaction dated Friday, November 10th. The shares were acquired at an average cost of $6.22 per share, with a total value of $684,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Gregory A. Mckelvey also recently made the following trade(s):

  • On Tuesday, August 29th, Gregory A. Mckelvey bought 5,712 shares of Fossil Group stock. The shares were acquired at an average cost of $8.73 per share, with a total value of $49,865.76.
  • On Friday, August 25th, Gregory A. Mckelvey bought 5,988 shares of Fossil Group stock. The shares were acquired at an average cost of $8.35 per share, with a total value of $49,999.80.

Fossil Group, Inc. (NASDAQ FOSL) opened at $6.75 on Tuesday. Fossil Group, Inc. has a 12 month low of $5.50 and a 12 month high of $36.87. The company has a market capitalization of $320.28, a price-to-earnings ratio of 8.05 and a beta of 0.77. The company has a quick ratio of 1.09, a current ratio of 2.32 and a debt-to-equity ratio of 0.68.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings results on Tuesday, November 7th. The accessories brand company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.32. Fossil Group had a positive return on equity of 4.75% and a negative net margin of 12.33%. The business had revenue of $689.00 million for the quarter, compared to analyst estimates of $649.87 million. During the same quarter in the prior year, the company posted $0.36 EPS. The company’s quarterly revenue was down 6.6% on a year-over-year basis. sell-side analysts expect that Fossil Group, Inc. will post -0.17 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System lifted its stake in shares of Fossil Group by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the accessories brand company’s stock valued at $178,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Fossil Group by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 22,000 shares of the accessories brand company’s stock valued at $228,000 after purchasing an additional 100 shares during the last quarter. Texas Permanent School Fund lifted its stake in shares of Fossil Group by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 30,784 shares of the accessories brand company’s stock valued at $319,000 after purchasing an additional 379 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Fossil Group by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,365 shares of the accessories brand company’s stock valued at $357,000 after purchasing an additional 1,288 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its stake in shares of Fossil Group by 5.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 25,280 shares of the accessories brand company’s stock valued at $262,000 after purchasing an additional 1,390 shares during the last quarter.

FOSL has been the subject of several research reports. Telsey Advisory Group dropped their price target on Fossil Group from $13.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday, August 9th. Buckingham Research dropped their price target on Fossil Group from $9.00 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, November 8th. Bank of America Corporation set a $7.00 price target on Fossil Group and gave the stock a “sell” rating in a research report on Wednesday, August 9th. ValuEngine cut Fossil Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Wells Fargo & Company reiterated an “underperform” rating and set a $7.00 price target (down from $8.00) on shares of Fossil Group in a research report on Thursday, August 10th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $15.43.

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.

Insider Buying and Selling by Quarter for Fossil Group (NASDAQ:FOSL)

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