Fossil Group, Inc. (NASDAQ:FOSL) Chairman Kosta N. Kartsotis sold 625,000 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $9.73, for a total value of $6,081,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Fossil Group, Inc. (NASDAQ:FOSL) traded down 1.08% during trading on Friday, reaching $9.20. The company had a trading volume of 3,898,403 shares. Fossil Group, Inc. has a 52 week low of $8.98 and a 52 week high of $36.87. The firm has a market capitalization of $445.87 million, a price-to-earnings ratio of 18.04 and a beta of 0.74. The firm has a 50-day moving average of $12.84 and a 200 day moving average of $20.08.
Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings results on Tuesday, May 9th. The textile maker reported ($0.35) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.14. The firm had revenue of $582 million for the quarter, compared to analyst estimates of $590.51 million. Fossil Group had a return on equity of 7.59% and a net margin of 0.84%. The business’s revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. On average, equities research analysts forecast that Fossil Group, Inc. will post $0.84 earnings per share for the current year.
Large investors have recently made changes to their positions in the company. Fiera Capital Corp increased its stake in shares of Fossil Group by 17.0% in the fourth quarter. Fiera Capital Corp now owns 68,000 shares of the textile maker’s stock valued at $1,758,000 after buying an additional 9,900 shares during the last quarter. Crosslink Capital Inc. bought a new stake in shares of Fossil Group during the fourth quarter valued at $3,569,000. GSA Capital Partners LLP increased its stake in shares of Fossil Group by 50.9% in the fourth quarter. GSA Capital Partners LLP now owns 43,325 shares of the textile maker’s stock valued at $1,120,000 after buying an additional 14,618 shares during the last quarter. A.R.T. Advisors LLC bought a new stake in shares of Fossil Group during the fourth quarter valued at $760,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Fossil Group during the fourth quarter valued at $217,000. Institutional investors own 97.21% of the company’s stock.
A number of analysts have issued reports on the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $19.00 target price on shares of Fossil Group in a research note on Tuesday, May 2nd. Instinet cut their target price on Fossil Group from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, May 10th. Wells Fargo & Company reaffirmed an “underperform” rating and issued a $8.00 target price (down from $12.00) on shares of Fossil Group in a research note on Friday. Cowen and Company cut their target price on Fossil Group from $15.00 to $12.00 and set a “market perform” rating for the company in a research note on Wednesday, May 10th. Finally, TheStreet downgraded Fossil Group from a “c-” rating to a “d+” rating in a research note on Thursday, May 11th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $20.11.
About Fossil Group
Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity.
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