Fossil Group Inc (NASDAQ:FOSL) shares traded down 8.1% on Thursday . The company traded as low as $19.07 and last traded at $19.14. 1,584,188 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 2,223,123 shares. The stock had previously closed at $20.83.

A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded Fossil Group from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday, October 9th. BidaskClub lowered Fossil Group from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. ValuEngine lowered Fossil Group from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. KeyCorp assumed coverage on Fossil Group in a report on Monday, July 9th. They set an “overweight” rating on the stock. Finally, TheStreet upgraded Fossil Group from a “d” rating to a “c-” rating in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Fossil Group has an average rating of “Hold” and a consensus price target of $19.20.

The firm has a market capitalization of $945.31 million, a P/E ratio of 373.20 and a beta of -0.12. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.13.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Tuesday, August 7th. The accessories brand company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.65. The business had revenue of $576.60 million for the quarter, compared to analyst estimates of $571.95 million. Fossil Group had a negative return on equity of 1.21% and a negative net margin of 5.13%. Equities analysts expect that Fossil Group Inc will post 0.77 EPS for the current fiscal year.

In other Fossil Group news, insider Gregory A. Mckelvey sold 26,138 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $26.00, for a total value of $679,588.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darren E. Hart sold 25,662 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $26.30, for a total value of $674,910.60. Following the completion of the sale, the executive vice president now directly owns 116,325 shares of the company’s stock, valued at $3,059,347.50. The disclosure for this sale can be found here. Company insiders own 8.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB purchased a new stake in Fossil Group in the second quarter worth $207,000. Royal Bank of Canada increased its position in Fossil Group by 170.3% in the first quarter. Royal Bank of Canada now owns 16,660 shares of the accessories brand company’s stock worth $212,000 after buying an additional 40,353 shares during the last quarter. United Services Automobile Association purchased a new stake in Fossil Group in the second quarter worth $220,000. We Are One Seven LLC purchased a new stake in Fossil Group in the third quarter worth $232,000. Finally, Teacher Retirement System of Texas purchased a new stake in Fossil Group in the second quarter worth $238,000. 88.84% of the stock is owned by institutional investors and hedge funds.

Fossil Group Company Profile (NASDAQ:FOSL)

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company's principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, and sunglasses. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ARMANI EXCHANGE, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.

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