Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.39 and traded as high as $1.70. Fossil Group shares last traded at $1.67, with a volume of 179,460 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Fossil Group from a "hold" rating to a "buy" rating in a report on Monday, November 11th.
Check Out Our Latest Report on Fossil Group
Fossil Group Trading Up 13.2 %
The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81. The firm has a market cap of $95.74 million, a price-to-earnings ratio of -0.77 and a beta of 2.18. The business has a fifty day simple moving average of $1.81 and a 200-day simple moving average of $1.40.
Fossil Group (NASDAQ:FOSL - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The accessories brand company reported ($0.51) earnings per share (EPS) for the quarter. Fossil Group had a negative net margin of 10.07% and a negative return on equity of 40.95%. The firm had revenue of $287.80 million during the quarter.
Insider Buying and Selling
In related news, CEO Franco Fogliato bought 111,175 shares of Fossil Group stock in a transaction that occurred on Tuesday, November 26th. The shares were acquired at an average cost of $1.37 per share, for a total transaction of $152,309.75. Following the completion of the acquisition, the chief executive officer now directly owns 1,611,175 shares of the company's stock, valued at approximately $2,207,309.75. The trade was a 7.41 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 7.80% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new position in shares of Fossil Group in the 2nd quarter worth about $28,000. RBF Capital LLC lifted its position in shares of Fossil Group by 12.7% during the 3rd quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company's stock valued at $339,000 after acquiring an additional 32,580 shares during the period. XTX Topco Ltd bought a new position in Fossil Group during the third quarter worth $48,000. Finally, LVW Advisors LLC acquired a new stake in Fossil Group in the fourth quarter worth $100,000. Institutional investors own 61.14% of the company's stock.
About Fossil Group
(
Get Free Report)
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.
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