Fossil Group (FOSL) Shares Up 10.1%
Fossil Group Inc (NASDAQ:FOSL) shares shot up 10.1% on Monday . The company traded as high as $10.24 and last traded at $10.03. 5,528,200 shares changed hands during trading, an increase of 180% from the average session volume of 1,971,369 shares. The stock had previously closed at $9.11.
A number of brokerages have recently weighed in on FOSL. BidaskClub upgraded Fossil Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research upgraded Fossil Group from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Tuesday, January 16th. Buckingham Research downgraded Fossil Group from a “neutral” rating to an “underperform” rating in a report on Friday, January 5th. ValuEngine downgraded Fossil Group from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Bank of America lowered their price target on Fossil Group from $7.00 to $4.00 and set an “underperform” rating on the stock in a report on Wednesday, November 8th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $11.27.
The company has a current ratio of 2.32, a quick ratio of 1.09 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $459.56, a P/E ratio of -1.32 and a beta of 0.75.
In other news, EVP Gregory A. Mckelvey bought 110,000 shares of the stock in a transaction on Friday, November 10th. The shares were purchased at an average price of $6.22 per share, for a total transaction of $684,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Martin Frey bought 7,500 shares of the stock in a transaction on Wednesday, November 22nd. The stock was purchased at an average price of $7.41 per share, for a total transaction of $55,575.00. The disclosure for this purchase can be found here. Insiders own 12.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Shell Asset Management Co. acquired a new stake in shares of Fossil Group in the third quarter worth about $652,000. GSA Capital Partners LLP acquired a new stake in shares of Fossil Group in the second quarter worth about $120,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Fossil Group in the second quarter worth about $130,000. KBC Group NV lifted its position in shares of Fossil Group by 167.9% in the third quarter. KBC Group NV now owns 13,441 shares of the accessories brand company’s stock worth $125,000 after buying an additional 8,424 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Fossil Group in the third quarter worth about $137,000. Hedge funds and other institutional investors own 91.96% 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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