Fossil Group, Inc. (FOSL) Insider Buys $279,110.98 in Stock
Fossil Group, Inc. (NASDAQ:FOSL) insider Gregory A. Mckelvey acquired 32,798 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of $8.51 per share, with a total value of $279,110.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Fossil Group, Inc. (FOSL) traded up 0.12% on Monday, hitting $8.21. 2,742,618 shares of the stock traded hands. The firm’s 50-day moving average price is $10.33 and its 200-day moving average price is $14.84. The stock’s market cap is $398.19 million. Fossil Group, Inc. has a 12-month low of $7.92 and a 12-month high of $36.87.
Fossil Group (NASDAQ:FOSL) last released its quarterly earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.05. The firm had revenue of $596.80 million during the quarter, compared to analysts’ expectations of $617.89 million. Fossil Group had a positive return on equity of 6.34% and a negative net margin of 11.33%. Fossil Group’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 EPS. On average, equities research analysts anticipate that Fossil Group, Inc. will post $0.47 EPS for the current fiscal year.
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A number of brokerages have weighed in on FOSL. 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. Jefferies Group LLC reiterated a “hold” rating and set a $13.00 price target on shares of Fossil Group in a research report on Wednesday, August 9th. Buckingham Research dropped their price target on shares of Fossil Group from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 9th. Bank of America Corporation set a $7.00 price target on shares of Fossil Group and gave the company a “sell” rating in a research report on Wednesday, August 9th. Finally, Telsey Advisory Group dropped their price target on shares of 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. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.23.
Institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in Fossil Group during the second quarter worth $113,000. GSA Capital Partners LLP bought a new position in Fossil Group during the second quarter worth $120,000. Campbell & CO Investment Adviser LLC bought a new position in Fossil Group during the second quarter worth $122,000. BlueCrest Capital Management Ltd bought a new position in Fossil Group during the second quarter worth $130,000. Finally, Louisiana State Employees Retirement System boosted its position in Fossil Group by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the accessories brand company’s stock worth $178,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 97.21% 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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