Insider Buying: Fossil Group (NASDAQ:FOSL) Director Purchases $100,730.34 in Stock

Fossil Group, Inc. (NASDAQ:FOSL) Director Wendy Lee Schoppert acquired 24,331 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average price of $4.14 per share, with a total value of $100,730.34. Following the completion of the transaction, the director directly owned 120,625 shares of the company’s stock, valued at $499,387.50. This trade represents a 25.27% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Fossil Group Trading Up 2.0%

Shares of Fossil Group stock opened at $4.16 on Friday. The firm has a market capitalization of $245.86 million, a price-to-earnings ratio of -3.65 and a beta of 1.64. Fossil Group, Inc. has a fifty-two week low of $1.27 and a fifty-two week high of $5.74. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.10 and a current ratio of 1.72. The stock has a 50 day moving average of $4.58 and a 200 day moving average of $3.90.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Nantahala Capital Management LLC boosted its position in shares of Fossil Group by 21.5% during the second quarter. Nantahala Capital Management LLC now owns 5,087,803 shares of the accessories brand company’s stock worth $7,530,000 after buying an additional 898,626 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Fossil Group by 0.5% during the second quarter. Ameriprise Financial Inc. now owns 2,461,746 shares of the accessories brand company’s stock worth $3,643,000 after buying an additional 13,091 shares during the period. Vanguard Group Inc. boosted its position in shares of Fossil Group by 4.9% during the third quarter. Vanguard Group Inc. now owns 2,325,204 shares of the accessories brand company’s stock worth $5,976,000 after buying an additional 109,316 shares during the period. Kanen Wealth Management LLC purchased a new position in shares of Fossil Group during the fourth quarter worth $5,515,000. Finally, Two Sigma Investments LP boosted its position in shares of Fossil Group by 36.0% during the third quarter. Two Sigma Investments LP now owns 948,114 shares of the accessories brand company’s stock worth $2,437,000 after buying an additional 251,214 shares during the period. 61.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Northland Securities assumed coverage on Fossil Group in a research report on Thursday, February 19th. They issued an “outperform” rating and a $7.00 price objective for the company. Maxim Group increased their price objective on Fossil Group from $5.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Fossil Group in a research report on Tuesday, April 21st. Wall Street Zen upgraded Fossil Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Zacks Research upgraded Fossil Group to a “hold” rating in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7.00.

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.