Shares of Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.33 and traded as high as $1.86. Fossil Group shares last traded at $1.77, with a volume of 478,373 shares.
Analyst Ratings Changes
Separately, StockNews.com upgraded Fossil Group from a "hold" rating to a "buy" rating in a report on Monday, November 11th.
Read Our Latest Stock Report on Fossil Group
Fossil Group Price Performance
The stock's 50 day simple moving average is $1.54 and its 200-day simple moving average is $1.33. The stock has a market capitalization of $88.83 million, a price-to-earnings ratio of -0.72 and a beta of 2.25. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.81 and a quick ratio of 1.10.
Insider Activity at Fossil Group
In related news, CEO Franco Fogliato bought 111,175 shares of Fossil Group stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average cost of $1.37 per share, for a total transaction of $152,309.75. Following the acquisition, the chief executive officer now owns 1,611,175 shares in the company, valued at $2,207,309.75. This trade represents a 7.41 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 7.80% of the stock is owned by company insiders.
Hedge Funds Weigh In On Fossil Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FOSL. AQR Capital Management LLC bought a new stake in shares of Fossil Group during the 2nd quarter worth $28,000. Vanguard Personalized Indexing Management LLC boosted its holdings in Fossil Group by 91.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company's stock valued at $29,000 after acquiring an additional 9,624 shares during the period. XTX Topco Ltd acquired a new stake in shares of Fossil Group in the third quarter valued at about $48,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Fossil Group in the second quarter worth about $131,000. Finally, 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 worth $339,000 after purchasing an additional 32,580 shares during the last quarter. Institutional investors and hedge funds own 61.14% of the company's stock.
Fossil Group Company Profile
(
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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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