Fossil Group, Inc. (NASDAQ:FOSL)’s share price traded down 9.2% during trading on Thursday . The company traded as low as $7.05 and last traded at $7.08. 2,509,375 shares changed hands during mid-day trading, an increase of 11% from the average session volume of 2,252,129 shares. The stock had previously closed at $7.80.

Several brokerages recently commented on FOSL. Telsey Advisory Group dropped their target price on shares of Fossil Group from $13.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday, August 9th. Buckingham Research decreased their price target on shares of Fossil Group from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 9th. Bank of America set a $7.00 target price on shares of Fossil Group and gave the company a “sell” rating in a research report on Wednesday, August 9th. Wells Fargo & Company reiterated an “underperform” rating and set a $7.00 target price (down from $8.00) on shares of Fossil Group in a research report on Thursday, August 10th. Finally, Jefferies Group reissued a “hold” rating and set a $13.00 price target on shares of Fossil Group in a report on Wednesday, August 9th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $13.54.

The stock has a market cap of $375.12, a price-to-earnings ratio of 9.43 and a beta of 0.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.09 and a current ratio of 2.32.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings results on Tuesday, November 7th. The accessories brand company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.32. The company had revenue of $689.00 million during the quarter, compared to analysts’ expectations of $649.87 million. Fossil Group had a negative net margin of 12.33% and a positive return on equity of 4.75%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 earnings per share. research analysts predict that Fossil Group, Inc. will post -0.22 earnings per share for the current year.

In related news, EVP Martin Frey acquired 7,500 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were bought at an average cost of $7.41 per share, with a total value of $55,575.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregory A. Mckelvey acquired 110,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was bought at an average cost of $6.22 per share, for a total transaction of $684,200.00. The disclosure for this purchase can be found here. Corporate insiders own 12.80% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of FOSL. AHL Partners LLP bought a new position in Fossil Group in the 2nd quarter valued at approximately $393,000. Numeric Investors LLC purchased a new position in shares of Fossil Group in the 2nd quarter worth about $1,630,000. Marshall Wace North America L.P. boosted its holdings in shares of Fossil Group by 363.9% in the 2nd quarter. Marshall Wace North America L.P. now owns 67,089 shares of the accessories brand company’s stock worth $671,000 after buying an additional 52,626 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Fossil Group by 214.8% in the 2nd quarter. Engineers Gate Manager LP now owns 260,043 shares of the accessories brand company’s stock worth $2,691,000 after buying an additional 177,446 shares during the last quarter. Finally, Airain ltd bought a new stake in Fossil Group in the 2nd quarter valued at about $3,214,000. 92.54% of the stock is currently owned by institutional investors.

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Fossil Group Company Profile

Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity.

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