Pamela Edwards Acquires 7,208 Shares of Fossil Group (NASDAQ:FOSL) Stock

Fossil Group, Inc. (NASDAQ:FOSL) Director Pamela Edwards acquired 7,208 shares of Fossil Group stock in a transaction dated Thursday, August 20th. The stock was acquired at an average cost of $5.58 per share, with a total value of $40,220.64. Following the completion of the transaction, the director directly owned 50,251 shares of the company’s stock, valued at $280,400.58. This trade represents a 16.75% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Fossil Group Stock Performance

FOSL stock traded up $0.03 on Friday, reaching $5.61. 608,377 shares of the company were exchanged, compared to its average volume of 816,498. The firm has a market capitalization of $331.76 million, a PE ratio of -4.38 and a beta of 1.62. Fossil Group, Inc. has a 12 month low of $1.70 and a 12 month high of $6.25. The stock’s fifty day moving average price is $4.61 and its 200 day moving average price is $4.46. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.76 and a quick ratio of 1.05.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Wednesday, August 12th. The accessories brand company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.16. Fossil Group had a negative net margin of 7.09% and a negative return on equity of 59.76%. The company had revenue of $209.69 million for the quarter, compared to analyst estimates of $199.33 million. On average, research analysts anticipate that Fossil Group, Inc. will post -0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

FOSL has been the topic of several recent research reports. Northland Securities set a $8.00 price objective on Fossil Group in a report on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fossil Group in a report on Friday, July 17th. Finally, Wall Street Zen upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.50.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FOSL. Goldman Sachs Group Inc. boosted its stake in shares of Fossil Group by 43.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 144,375 shares of the accessories brand company’s stock valued at $166,000 after purchasing an additional 43,849 shares in the last quarter. Jane Street Group LLC lifted its holdings in Fossil Group by 93.1% during the 1st quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company’s stock valued at $49,000 after purchasing an additional 20,530 shares during the last quarter. Acadian Asset Management LLC grew its stake in Fossil Group by 154.1% during the first quarter. Acadian Asset Management LLC now owns 459,023 shares of the accessories brand company’s stock worth $527,000 after buying an additional 278,391 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Fossil Group in the second quarter valued at approximately $122,000. Finally, Nantahala Capital Management LLC raised its stake in shares of Fossil Group by 21.5% in the second quarter. Nantahala Capital Management LLC now owns 5,087,803 shares of the accessories brand company’s stock valued at $7,530,000 after acquiring an additional 898,626 shares during the last quarter. 61.14% of the stock is currently owned by institutional investors and hedge funds.

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.