StockNews.com Lowers Fossil Group (NASDAQ:FOSL) to Hold

StockNews.com cut shares of Fossil Group (NASDAQ:FOSL – Get Rating) from a buy rating to a hold rating in a report released on Wednesday.

Fossil Group Stock Performance

NASDAQ:FOSL opened at $6.82 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.17. The stock has a market capitalization of $353.05 million, a P/E ratio of 12.63 and a beta of 1.57. The company has a 50 day moving average price of $6.18 and a 200 day moving average price of $8.99. Fossil Group has a fifty-two week low of $4.82 and a fifty-two week high of $20.00.

Fossil Group (NASDAQ:FOSL – Get Rating) last released its earnings results on Wednesday, May 11th. The accessories brand company reported ($0.37) earnings per share (EPS) for the quarter. The business had revenue of $375.90 million for the quarter. Fossil Group had a return on equity of 10.68% and a net margin of 1.50%.

Insiders Place Their Bets

In other Fossil Group news, CEO Kosta N. Kartsotis sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $7.06, for a total transaction of $70,600.00. Following the sale, the chief executive officer now directly owns 3,215,837 shares in the company, valued at approximately $22,703,809.22. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Kosta N. Kartsotis sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $7.06, for a total value of $70,600.00. Following the sale, the chief executive officer now directly owns 3,215,837 shares in the company, valued at approximately $22,703,809.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diane L. Neal sold 34,427 shares of the firm’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $7.51, for a total transaction of $258,546.77. Following the completion of the sale, the director now owns 16,469 shares in the company, valued at $123,682.19. The disclosure for this sale can be found here. 9.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fossil Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Captrust Financial Advisors raised its holdings in shares of Fossil Group by 79.0% in the 1st quarter. Captrust Financial Advisors now owns 3,139 shares of the accessories brand company’s stock valued at $30,000 after purchasing an additional 1,385 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Fossil Group during the 2nd quarter worth $69,000. Meridian Wealth Management LLC acquired a new stake in Fossil Group during the 1st quarter worth $96,000. Virtu Financial LLC acquired a new stake in Fossil Group during the 1st quarter worth $101,000. Finally, qPULA Trading Management LP acquired a new stake in Fossil Group during the 1st quarter worth $107,000. 83.47% of the stock is currently owned by institutional investors and hedge funds.

Fossil Group Company Profile

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Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company's products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.