Stock Traders Purchase Large Volume of Call Options on Fossil Group (NASDAQ:FOSL)

Fossil Group, Inc. (NASDAQ:FOSL) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 2,672 call options on the stock. This represents an increase of approximately 1,216% compared to the typical daily volume of 203 call options.

Wall Street Analyst Weigh In

A number of research firms recently commented on FOSL. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fossil Group in a research note on Thursday, October 15th. Lake Street Capital began coverage on shares of Fossil Group in a research note on Wednesday, October 7th. They set a “buy” rating and a $10.00 price target on the stock. Northland Securities set a $8.00 price target on shares of Fossil Group in a report on Thursday, August 13th. Finally, Craig Hallum assumed coverage on shares of Fossil Group in a report on Thursday, September 10th. They issued a “buy” rating and a $12.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $9.25.

Insider Activity

In related news, Director Pamela J. Edwards acquired 7,208 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were purchased at an average price of $5.58 per share, for a total transaction of $40,220.64. Following the completion of the acquisition, the director directly owned 50,251 shares in the company, valued at $280,400.58. The trade was a 16.75% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fossil Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its stake in shares of Fossil Group by 10.3% in the third quarter. Russell Investments Group Ltd. now owns 52,238 shares of the accessories brand company’s stock worth $343,000 after buying an additional 4,899 shares during the last quarter. Headlands Technologies LLC raised its position in Fossil Group by 132.1% during the second quarter. Headlands Technologies LLC now owns 55,214 shares of the accessories brand company’s stock valued at $229,000 after acquiring an additional 31,422 shares in the last quarter. Nantahala Capital Management LLC purchased a new position in Fossil Group during the second quarter valued at approximately $22,791,230. Empowered Funds LLC purchased a new position in Fossil Group during the second quarter valued at approximately $558,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Fossil Group in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 61.14% of the company’s stock.

Top Fossil Group Stories

Investors following FOSL have been watching these stories:

• Positive Sentiment: Fossil reported third-quarter earnings of $0.19 per share, versus analysts’ expected loss, and revenue of $271.2 million, ahead of estimates. Sales rose 0.4% year over year, or 2% at constant currency, marking a return to growth. Fossil Group third-quarter results
• Positive Sentiment: The company forecast 2026 revenue of $980 million to $990 million, above the approximately $965 million analyst consensus. CEO commentary that the turnaround is ahead of plan further supported optimism. Why Fossil Group stock is soaring
• Neutral Sentiment: Options activity rose substantially, with traders buying 2,672 call options—well above typical volume. This indicates increased interest but is not, by itself, evidence of sustained business improvement. Fossil stock and options activity

Fossil Group Stock Up 26.7%

NASDAQ:FOSL opened at $9.97 on Thursday. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.76 and a quick ratio of 1.05. The company’s fifty day moving average price is $6.47 and its 200-day moving average price is $4.98. Fossil Group has a 1-year low of $1.70 and a 1-year high of $10.55. The firm has a market capitalization of $589.61 million, a P/E ratio of -30.21 and a beta of 1.61.

Fossil Group (NASDAQ:FOSL) last posted its earnings results on Tuesday, November 10th. The accessories brand company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.23. Fossil Group had a negative net margin of 1.86% and a negative return on equity of 7.75%. The company had revenue of $271.20 million during the quarter, compared to the consensus estimate of $248.66 million. During the same period in the previous year, the firm posted ($0.76) earnings per share. As a group, equities research analysts anticipate that Fossil Group will post -0.04 EPS for the current year.

Fossil Group Company Profile

Fossil Group designs, develops, markets and distributes fashion accessories, including watches, handbags, small leather goods, jewelry and other accessories. Its products are sold under company-owned brands such as Fossil, Skagen, Michele and Zodiac, as well as through licensing agreements with third-party brands. Founded in 1984, the company has built its business around combining watchmaking with fashion-oriented design. It serves customers internationally through wholesale partners, retail stores and online channels.