Insider Buying: Fossil Group (NASDAQ:FOSL) Director Purchases $40,220.64 in Stock

Fossil Group, Inc. (NASDAQ:FOSL) Director Pamela Edwards purchased 7,208 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were bought at an average price of $5.58 per share, for a total transaction of $40,220.64. Following the acquisition, the director owned 50,251 shares in the company, valued at $280,400.58. This trade represents a 16.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Fossil Group Stock Performance

NASDAQ FOSL opened at $5.61 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.76 and a debt-to-equity ratio of 2.74. Fossil Group, Inc. has a 52 week low of $1.70 and a 52 week high of $6.25. The stock has a market capitalization of $331.78 million, a PE ratio of -4.38 and a beta of 1.62. The firm has a 50 day moving average of $4.64 and a two-hundred day moving average of $4.47.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings data on Wednesday, August 12th. The accessories brand company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.16. The business had revenue of $209.69 million for the quarter, compared to the consensus estimate of $199.33 million. Fossil Group had a negative return on equity of 59.76% and a negative net margin of 7.09%. As a group, research analysts expect that Fossil Group, Inc. will post -0.04 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on FOSL shares. Northland Securities set a $8.00 price objective on Fossil Group in a report on Thursday, August 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Fossil Group in a research note on Friday, July 17th. Finally, Wall Street Zen raised Fossil Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $7.50.

Hedge Funds Weigh In On Fossil Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wexford Capital LP acquired a new stake in shares of Fossil Group in the third quarter valued at approximately $28,000. Public Employees Retirement System of Ohio acquired a new position in shares of Fossil Group during the 2nd quarter worth approximately $34,000. Carrera Capital Advisors purchased a new stake in Fossil Group in the 4th quarter valued at approximately $38,000. Qube Research & Technologies Ltd purchased a new stake in Fossil Group in the 3rd quarter valued at approximately $39,000. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new stake in Fossil Group during the 3rd quarter valued at $45,000. Institutional investors and hedge funds own 61.14% of the company’s stock.

Fossil Group Company Profile

Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.

The group’s wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.