Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.35 and traded as high as $1.95. Fossil Group shares last traded at $1.89, with a volume of 388,492 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Fossil Group from a "hold" rating to a "buy" rating in a research note on Monday, November 11th.
Read Our Latest Report on Fossil Group
Fossil Group Trading Up 6.1 %
The stock has a 50-day simple moving average of $1.62 and a 200 day simple moving average of $1.35. The company has a market cap of $106.65 million, a price-to-earnings ratio of -0.86 and a beta of 2.25. The company has a current ratio of 1.81, a quick ratio of 1.10 and a debt-to-equity ratio of 1.07.
Insider Buying and Selling
In related news, CEO Franco Fogliato purchased 111,175 shares of the company's stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average cost of $1.37 per share, for a total transaction of $152,309.75. Following the completion of the transaction, the chief executive officer now directly owns 1,611,175 shares of the company's stock, valued at approximately $2,207,309.75. This trade represents a 7.41 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 7.80% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Fossil Group
Institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new stake in Fossil Group during the 3rd quarter worth about $48,000. RBF Capital LLC grew its holdings in shares of Fossil Group by 12.7% during the third quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company's stock worth $339,000 after purchasing an additional 32,580 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Fossil Group in the second quarter valued at approximately $131,000. Nantahala Capital Management LLC raised its position in Fossil Group by 45.8% in the 2nd quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company's stock valued at $2,696,000 after purchasing an additional 598,940 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of Fossil Group during the second quarter worth about $28,000. 61.14% of the stock is owned by hedge funds and other institutional investors.
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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