Fossil Group (NASDAQ:FOSL) Director Suzanne Coulter Purchases 28,170 Shares of Stock

Fossil Group, Inc. (NASDAQ:FOSL) Director Suzanne Coulter acquired 28,170 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was acquired at an average price of $3.62 per share, for a total transaction of $101,975.40. Following the completion of the purchase, the director directly owned 98,457 shares of the company’s stock, valued at $356,414.34. This trade represents a 40.08% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Fossil Group Stock Performance

NASDAQ:FOSL traded up $0.41 during mid-day trading on Friday, hitting $4.00. 512,606 shares of the company’s stock traded hands, compared to its average volume of 600,896. The firm has a market capitalization of $218.29 million, a price-to-earnings ratio of -3.14 and a beta of 1.58. The firm has a 50 day moving average of $2.48 and a two-hundred day moving average of $2.20. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 1.76. Fossil Group, Inc. has a 12 month low of $0.86 and a 12 month high of $4.40.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Thursday, November 13th. The accessories brand company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.27). Fossil Group had a negative return on equity of 18.08% and a negative net margin of 6.32%.The business had revenue of $270.20 million during the quarter, compared to the consensus estimate of $233.32 million.

Hedge Funds Weigh In On Fossil Group

A number of hedge funds and other institutional investors have recently made changes to their positions in FOSL. Wexford Capital LP acquired a new stake in shares of Fossil Group during the 3rd quarter valued at about $28,000. Qube Research & Technologies Ltd bought a new position in Fossil Group during the third quarter worth about $39,000. Mink Brook Asset Management LLC acquired a new stake in Fossil Group during the third quarter valued at approximately $386,000. Millennium Management LLC acquired a new stake in Fossil Group during the third quarter valued at approximately $150,000. Finally, Centiva Capital LP bought a new stake in shares of Fossil Group in the 3rd quarter valued at approximately $135,000. 61.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

FOSL has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Fossil Group in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Fossil Group currently has an average rating of “Hold” and a consensus price target of $5.00.

Fossil Group Company Profile

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.