Franco Fogliato Acquires 200,000 Shares of Fossil Group (NASDAQ:FOSL) Stock

Fossil Group, Inc. (NASDAQ:FOSL) CEO Franco Fogliato bought 200,000 shares of the stock in a transaction on Tuesday, November 18th. The shares were acquired at an average cost of $1.80 per share, with a total value of $360,000.00. Following the purchase, the chief executive officer owned 1,950,000 shares of the company’s stock, valued at approximately $3,510,000. This represents a 11.43% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Fossil Group Price Performance

Shares of Fossil Group stock traded up $0.13 during midday trading on Wednesday, hitting $2.03. 658,233 shares of the company traded hands, compared to its average volume of 565,405. The firm’s fifty day moving average price is $2.50 and its 200-day moving average price is $2.07. The stock has a market cap of $110.92 million, a price-to-earnings ratio of -1.83 and a beta of 2.17. Fossil Group, Inc. has a 12 month low of $0.86 and a 12 month high of $4.40. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 1.83.

Fossil Group (NASDAQ:FOSL) last posted its earnings results on Thursday, November 13th. The accessories brand company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.27). The company had revenue of $270.20 million for the quarter, compared to the consensus estimate of $233.32 million. Fossil Group had a negative return on equity of 12.07% and a negative net margin of 5.49%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EHP Funds Inc. bought a new stake in shares of Fossil Group in the 3rd quarter valued at about $28,000. Wexford Capital LP acquired a new position in shares of Fossil Group in the third quarter worth approximately $28,000. Qube Research & Technologies Ltd bought a new stake in Fossil Group in the third quarter valued at approximately $39,000. Texas Capital Bank Wealth Management Services Inc bought a new stake in Fossil Group in the third quarter valued at approximately $45,000. Finally, Jane Street Group LLC increased its position 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 period. 61.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FOSL. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fossil Group in a report on Wednesday, October 8th. Wall Street Zen downgraded Fossil Group from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Fossil Group has an average rating of “Hold” and a consensus target price of $5.00.

About Fossil Group

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company’s products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.