Fossil Group, Inc. (FOSL) Reaches New 12-Month Low at $7.51
Fossil Group, Inc. (NASDAQ:FOSL) shares reached a new 52-week low on Friday . The stock traded as low as $7.51 and last traded at $7.51, with a volume of 1,068,782 shares trading hands. The stock had previously closed at $7.77.
Several research analysts have weighed in on FOSL shares. ValuEngine lowered Fossil Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised Fossil Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 8th. Wells Fargo & Company set a $12.00 target price on Fossil Group and gave the stock a “sell” rating in a research report on Wednesday, May 10th. BidaskClub raised Fossil Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Bank of America Corporation set a $7.00 target price on Fossil Group and gave the stock a “sell” rating in a research report on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. Fossil Group currently has an average rating of “Hold” and a consensus price target of $16.23.
The stock’s market capitalization is $360.51 million. The company has a 50 day moving average price of $10.16 and a 200 day moving average price of $14.61.
Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings data on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.05. Fossil Group had a positive return on equity of 6.34% and a negative net margin of 11.33%. The company had revenue of $596.80 million during the quarter, compared to analysts’ expectations of $617.89 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The business’s revenue was down 12.9% on a year-over-year basis. Analysts expect that Fossil Group, Inc. will post $0.47 earnings per share for the current fiscal year.
In other news, Chairman Kosta N. Kartsotis sold 625,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $9.73, for a total transaction of $6,081,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gregory A. Mckelvey acquired 32,798 shares of Fossil Group stock in a transaction dated 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 disclosure for this purchase can be found here. In the last 90 days, insiders have sold 2,220,281 shares of company stock valued at $23,790,210. Corporate insiders own 12.80% of the company’s stock.
Several large investors have recently modified their holdings of FOSL. Acadian Asset Management LLC purchased a new stake in shares of Fossil Group during the second quarter worth about $113,000. GSA Capital Partners LLP purchased a new stake in shares of Fossil Group during the second quarter worth about $120,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Fossil Group during the second quarter worth about $122,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Fossil Group during the second quarter worth about $130,000. Finally, Louisiana State Employees Retirement System boosted its stake in shares of 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. Institutional investors own 97.21% of the company’s stock.
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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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