Fossil Group, Inc. (FOSL) EVP Martin Frey Purchases 7,500 Shares
Fossil Group, Inc. (NASDAQ:FOSL) EVP Martin Frey purchased 7,500 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was purchased at an average price of $7.41 per share, with a total value of $55,575.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Fossil Group, Inc. (NASDAQ FOSL) traded up $0.02 during mid-day trading on Friday, hitting $7.53. 578,970 shares of the stock traded hands, compared to its average volume of 2,263,259. Fossil Group, Inc. has a 1 year low of $5.50 and a 1 year high of $36.79. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.32 and a quick ratio of 1.09. The stock has a market capitalization of $364.45, a P/E ratio of 9.16 and a beta of 0.77.
Fossil Group (NASDAQ:FOSL) last released its earnings results on Tuesday, November 7th. The accessories brand company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.28) by $0.32. Fossil Group had a negative net margin of 12.33% and a positive return on equity of 4.75%. The firm had revenue of $689.00 million for the quarter, compared to the consensus estimate of $649.87 million. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. equities analysts expect that Fossil Group, Inc. will post -0.22 EPS for the current fiscal year.
A number of equities analysts have weighed in on FOSL shares. ValuEngine lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Buckingham Research dropped their price target on shares of 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 dropped their price target on shares of Fossil Group from $7.00 to $4.00 and set an “underperform” rating for the company in a research report on Wednesday, November 8th. Piper Jaffray Companies set a $10.00 price target on shares of Fossil Group and gave the stock a “hold” rating in a research report on Thursday, October 12th. Finally, Zacks Investment Research upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. Fossil Group has a consensus rating of “Hold” and an average price target of $13.54.
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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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