Fossil Group (NASDAQ:FOSL) Director Purchases $100,730.34 in Stock

Fossil Group, Inc. (NASDAQ:FOSL) Director Wendy Lee Schoppert purchased 24,331 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average cost of $4.14 per share, with a total value of $100,730.34. Following the completion of the transaction, the director directly owned 120,625 shares of the company’s stock, valued at $499,387.50. The trade was a 25.27% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Fossil Group Stock Performance

Shares of FOSL traded up $0.05 on Wednesday, reaching $3.93. 583,955 shares of the company’s stock traded hands, compared to its average volume of 734,732. The company has a current ratio of 1.72, a quick ratio of 1.10 and a debt-to-equity ratio of 2.32. The stock’s 50 day simple moving average is $4.58 and its two-hundred day simple moving average is $3.87. Fossil Group, Inc. has a 52-week low of $1.27 and a 52-week high of $5.74. The stock has a market cap of $232.50 million, a PE ratio of -3.43 and a beta of 1.64.

Fossil Group (NASDAQ:FOSL) last released its earnings results on Wednesday, May 13th. The accessories brand company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.25. Fossil Group had a negative return on equity of 48.51% and a negative net margin of 6.19%.The business had revenue of $224.76 million during the quarter, compared to the consensus estimate of $204.74 million. On average, analysts forecast that Fossil Group, Inc. will post -0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fossil Group

Hedge funds have recently made changes to their positions in the stock. Carrera Capital Advisors bought a new stake in Fossil Group during the fourth quarter worth about $38,000. Bridgeway Capital Management LLC lifted its stake in 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 last quarter. Dimensional Fund Advisors LP lifted its stake in Fossil Group by 6.8% during the first quarter. Dimensional Fund Advisors LP now owns 163,035 shares of the accessories brand company’s stock worth $702,000 after purchasing an additional 10,399 shares during the last quarter. Empowered Funds LLC lifted its stake in Fossil Group by 9.3% during the first quarter. Empowered Funds LLC now owns 124,999 shares of the accessories brand company’s stock worth $539,000 after purchasing an additional 10,596 shares during the last quarter. Finally, Wexford Capital LP bought a new stake in Fossil Group during the third quarter worth about $28,000. 61.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FOSL has been the subject of a number of recent research reports. Northland Securities initiated coverage on Fossil Group in a research report on Thursday, February 19th. They issued an “outperform” rating and a $7.00 target price for the company. Wall Street Zen raised Fossil Group from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research raised Fossil Group to a “hold” rating in a research report on Friday, February 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Fossil Group in a research report on Tuesday, April 21st. Finally, Maxim Group lifted their price target on Fossil Group from $5.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Fossil Group currently has a consensus rating of “Hold” and a consensus price target of $7.00.

About Fossil Group

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.