Fossil Group Director Sells $256,350 in Stock (FOSL)

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Fossil Group (NASDAQ:FOSL) Director Elaine B. Agather sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $102.54, for a total value of $256,350.00. Following the sale, the director now directly owns 3,773 shares of the company’s stock, valued at approximately $386,883. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Fossil Group (NASDAQ:FOSL) traded up 0.60% on Friday, hitting $101.29. 658,497 shares of the company’s stock traded hands. Fossil Group has a one year low of $95.25 and a one year high of $134.99. The stock’s 50-day moving average is $100.6 and its 200-day moving average is $107.7. The company has a market cap of $5.359 billion and a P/E ratio of 15.51. Fossil Group also was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totalling 4,176,864 shares, a growth of 19.6% from the July 31st total of 3,491,965 shares. Based on an average daily volume of 971,826 shares, the days-to-cover ratio is presently 4.3 days. Currently, 9.0% of the shares of the stock are sold short.

Fossil Group (NASDAQ:FOSL) last released its earnings data on Tuesday, August 12th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. The company had revenue of $773.80 million for the quarter, compared to the consensus estimate of $771.01 million. Analysts expect that Fossil Group will post $7.17 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Fossil Group in a research note on Thursday, August 14th. They now have a $101.00 price target on the stock. Separately, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Fossil Group in a research note on Wednesday, August 13th. Finally, analysts at Sterne Agee cut their price target on shares of Fossil Group from $115.00 to $108.00 in a research note on Monday, August 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Fossil Group presently has an average rating of “Buy” and a consensus price target of $121.33.

Fossil Group, Inc, formerly Fossil, Inc, a global designer, marketer and distributer company that specializes in consumer fashion accessories.

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