Fossil Group (NASDAQ:FOSL) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Shares of Fossil Group, Inc. (NASDAQ:FOSLGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.05 and traded as high as $4.17. Fossil Group shares last traded at $4.07, with a volume of 503,713 shares trading hands.

Analysts Set New Price Targets

FOSL has been the subject of a number of analyst reports. Wall Street Zen raised shares of Fossil Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Northland Securities initiated coverage on shares of Fossil Group in a research note on Thursday, February 19th. They set an “outperform” rating and a $7.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Fossil Group in a research note on Tuesday, April 21st. Maxim Group lifted their price target on shares of Fossil Group from $5.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Finally, Zacks Research raised shares of Fossil Group to a “hold” rating in a research note on Friday, February 20th. 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.com, the stock currently has an average rating of “Hold” and an average target price of $7.00.

Read Our Latest Research Report on Fossil Group

Fossil Group Stock Performance

The stock has a market cap of $234.04 million, a PE ratio of -3.47 and a beta of 1.62. The company’s 50-day moving average price is $4.54 and its two-hundred day moving average price is $4.05. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.10 and a current ratio of 1.72.

Fossil Group (NASDAQ:FOSLGet Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The accessories brand company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.25. The company had revenue of $224.76 million during the quarter, compared to analysts’ expectations of $204.74 million. Fossil Group had a negative net margin of 6.19% and a negative return on equity of 48.51%. On average, equities research analysts forecast that Fossil Group, Inc. will post -0.15 EPS for the current year.

Insider Buying and Selling

In related news, Director Wendy Lee Schoppert acquired 24,331 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was acquired at an average cost of $4.14 per share, for a total transaction of $100,730.34. Following the acquisition, the director owned 120,625 shares of the company’s stock, valued at $499,387.50. This trade represents a 25.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Carrera Capital Advisors bought a new position in shares of Fossil Group in the 4th quarter worth about $38,000. Bridgeway Capital Management LLC increased its stake in Fossil Group by 2.5% during the 2nd quarter. Bridgeway Capital Management LLC now owns 425,182 shares of the accessories brand company’s stock valued at $629,000 after purchasing an additional 10,249 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Fossil Group by 6.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 163,035 shares of the accessories brand company’s stock valued at $702,000 after purchasing an additional 10,399 shares in the last quarter. Empowered Funds LLC increased its stake in Fossil Group by 9.3% during the 1st quarter. Empowered Funds LLC now owns 124,999 shares of the accessories brand company’s stock valued at $539,000 after purchasing an additional 10,596 shares in the last quarter. Finally, Wexford Capital LP bought a new stake in Fossil Group during the 3rd quarter valued at about $28,000. 61.14% of the stock is currently owned by institutional investors.

Fossil Group Company Profile

(Get Free Report)

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.

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