Fossil Group (NASDAQ:FOSL) Now Covered by Northland Securities

Northland Securities started coverage on shares of Fossil Group (NASDAQ:FOSL) in a research note issued to investors on Thursday, MarketBeat reports. The firm issued an outperform rating and a $7.00 price objective on the accessories brand company’s stock.

Other analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fossil Group in a research report on Thursday, January 22nd. Wall Street Zen cut Fossil Group from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Fossil Group has a consensus rating of “Hold” and an average price target of $6.00.

Fossil Group Stock Performance

Shares of FOSL stock opened at $4.32 on Thursday. The company has a fifty day moving average price of $3.75 and a two-hundred day moving average price of $3.04. Fossil Group has a one year low of $0.86 and a one year high of $4.49. The stock has a market cap of $236.04 million, a P/E ratio of -3.40 and a beta of 1.75. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.56 and a quick ratio of 1.00.

Insider Activity at Fossil Group

In other news, Director Suzanne M. Coulter bought 28,170 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were bought 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 owned 98,457 shares in the company, valued at approximately $356,414.34. This trade represents a 40.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Randy J. Greben purchased 20,980 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were purchased at an average cost of $2.38 per share, with a total value of $49,932.40. Following the completion of the acquisition, the chief financial officer owned 170,980 shares in the company, valued at $406,932.40. The trade was a 13.99% increase in their position. The SEC filing for this purchase provides additional information. 2.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fossil Group

Institutional investors and hedge funds have recently modified their holdings of the business. Carrera Capital Advisors bought a new position in Fossil Group during the fourth quarter worth about $38,000. Bridgeway Capital Management LLC increased its holdings in shares of Fossil Group by 2.5% during the second quarter. Bridgeway Capital Management LLC now owns 425,182 shares of the accessories brand company’s stock worth $629,000 after purchasing an additional 10,249 shares during the period. Empowered Funds LLC increased its holdings in shares of Fossil Group by 10.4% during the fourth quarter. Empowered Funds LLC now owns 114,403 shares of the accessories brand company’s stock worth $430,000 after purchasing an additional 10,824 shares during the period. Wexford Capital LP acquired a new stake in shares of Fossil Group in the third quarter valued at approximately $28,000. Finally, EHP Funds Inc. bought a new stake in shares of Fossil Group in the third quarter valued at approximately $28,000. 61.14% of the stock is currently owned by institutional investors and hedge funds.

Fossil Group Company Profile

Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.

The group’s wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.