Wendy Lee Schoppert Purchases 24,331 Shares of Fossil Group (NASDAQ:FOSL) Stock

Fossil Group, Inc. (NASDAQ:FOSL) Director Wendy Lee Schoppert purchased 24,331 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average price of $4.14 per share, for a total transaction of $100,730.34. Following the completion of the purchase, the director owned 120,625 shares of the company’s stock, valued at approximately $499,387.50. This trade represents a 25.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Fossil Group Trading Up 3.3%

Shares of Fossil Group stock opened at $4.08 on Friday. Fossil Group, Inc. has a 52-week low of $1.27 and a 52-week high of $5.74. The company has a quick ratio of 1.10, a current ratio of 1.72 and a debt-to-equity ratio of 2.32. The company’s 50-day simple moving average is $4.58 and its 200-day simple moving average is $3.90. The firm has a market cap of $241.13 million, a price-to-earnings ratio of -3.58 and a beta of 1.64.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Wednesday, May 13th. The accessories brand company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.25. Fossil Group had a negative net margin of 6.19% and a negative return on equity of 48.51%. The business had revenue of $224.76 million for the quarter, compared to analyst estimates of $204.74 million. As a group, equities research analysts anticipate that Fossil Group, Inc. will post -0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FOSL shares. Maxim Group boosted their price target on shares of Fossil Group from $5.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Wall Street Zen upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Northland Securities started coverage on shares of Fossil Group in a research note on Thursday, February 19th. They set an “outperform” rating and a $7.00 price target on the stock. Zacks Research upgraded shares of Fossil Group to a “hold” rating in a research note on Friday, February 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fossil Group in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Fossil Group currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Institutional Trading of Fossil Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its holdings in Fossil Group by 9.3% during the first quarter. Empowered Funds LLC now owns 124,999 shares of the accessories brand company’s stock worth $539,000 after buying an additional 10,596 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Fossil Group during the first quarter worth about $413,000. Sei Investments Co. boosted its holdings in Fossil Group by 107.6% during the first quarter. Sei Investments Co. now owns 253,771 shares of the accessories brand company’s stock worth $1,094,000 after buying an additional 131,531 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Fossil Group by 6.8% during the first quarter. Dimensional Fund Advisors LP now owns 163,035 shares of the accessories brand company’s stock worth $702,000 after buying an additional 10,399 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new stake in Fossil Group during the first quarter worth about $123,000. Hedge funds and other institutional investors own 61.14% of the company’s stock.

Fossil Group Company Profile

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.