Fossil Group Inc (NASDAQ:FOSL) insider Darren E. Hart acquired 20,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was bought at an average cost of $10.03 per share, for a total transaction of $200,600.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of FOSL traded down $0.15 during trading hours on Friday, hitting $10.40. The company had a trading volume of 1,671,138 shares, compared to its average volume of 1,470,231. The firm has a market cap of $516.06 million, a price-to-earnings ratio of 13.33 and a beta of 0.54. The business has a fifty day moving average of $10.43 and a 200-day moving average of $12.59. Fossil Group Inc has a 12 month low of $9.00 and a 12 month high of $26.89. The company has a quick ratio of 1.05, a current ratio of 1.92 and a debt-to-equity ratio of 0.87.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings data on Wednesday, August 7th. The accessories brand company reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. The company had revenue of $501.40 million for the quarter, compared to analyst estimates of $499.05 million. Fossil Group had a net margin of 1.40% and a return on equity of 6.94%. The company’s revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.16) earnings per share. On average, equities analysts expect that Fossil Group Inc will post 1.49 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC increased its position in Fossil Group by 0.3% during the first quarter. FMR LLC now owns 7,437,523 shares of the accessories brand company’s stock worth $102,043,000 after acquiring an additional 20,000 shares during the period. Vanguard Group Inc. increased its position in Fossil Group by 1.6% during the second quarter. Vanguard Group Inc. now owns 7,144,848 shares of the accessories brand company’s stock worth $82,166,000 after acquiring an additional 111,037 shares during the period. BlackRock Inc. increased its position in Fossil Group by 1.9% during the second quarter. BlackRock Inc. now owns 6,811,086 shares of the accessories brand company’s stock worth $78,327,000 after acquiring an additional 127,049 shares during the period. D. E. Shaw & Co. Inc. increased its position in Fossil Group by 39.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,744,558 shares of the accessories brand company’s stock worth $20,062,000 after acquiring an additional 492,935 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Fossil Group by 10.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,715,698 shares of the accessories brand company’s stock worth $26,989,000 after acquiring an additional 169,086 shares during the period. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $12.00 price objective (down from $15.00) on shares of Fossil Group in a research report on Monday, August 5th. ValuEngine lowered shares of Fossil Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 13th. Finally, BidaskClub raised shares of Fossil Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Fossil Group presently has a consensus rating of “Hold” and an average price target of $14.00.

Fossil Group Company Profile

Fossil Group, Inc designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. Its principal products include men's and women's fashion watches and jewelry, smartwatches, handbags, small leather goods, belts, and sunglasses.

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