Fossil Group, Inc. (NASDAQ:FOSL) saw unusually large options trading on Tuesday. Stock traders acquired 8,437 put options on the company. This is an increase of approximately 221% compared to the average daily volume of 2,631 put options.
Shares of Fossil Group (NASDAQ FOSL) opened at 8.64 on Friday. Fossil Group has a 52-week low of $6.80 and a 52-week high of $36.87. The stock’s market capitalization is $419.22 million. The stock has a 50 day moving average price of $9.74 and a 200-day moving average price of $13.86.
Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.05. The business had revenue of $596.80 million during the quarter, compared to the consensus estimate of $617.89 million. Fossil Group had a negative net margin of 11.33% and a positive return on equity of 6.34%. The firm’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. On average, equities research analysts predict that Fossil Group will post $0.47 EPS for the current fiscal year.
In other Fossil Group news, Director James M. Zimmerman purchased 36,000 shares of Fossil Group stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average price of $8.30 per share, with a total value of $298,800.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John A. White purchased 13,000 shares of Fossil Group stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average cost of $7.26 per share, with a total value of $94,380.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 103,245 shares of company stock valued at $824,052 and sold 2,220,281 shares valued at $23,790,210. Corporate insiders own 12.80% of the company’s stock.
Several large investors have recently modified their holdings of FOSL. Louisiana State Employees Retirement System increased its stake in shares of Fossil Group by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the accessories brand company’s stock valued at $178,000 after buying an additional 100 shares during the period. Arizona State Retirement System increased its stake in shares of Fossil Group by 0.5% in the second quarter. Arizona State Retirement System now owns 22,000 shares of the accessories brand company’s stock valued at $228,000 after buying an additional 100 shares during the period. Texas Permanent School Fund increased its stake in shares of Fossil Group by 1.2% in the second quarter. Texas Permanent School Fund now owns 30,784 shares of the accessories brand company’s stock valued at $319,000 after buying an additional 379 shares during the period. Sather Financial Group Inc increased its stake in shares of Fossil Group by 1.0% in the first quarter. Sather Financial Group Inc now owns 50,900 shares of the accessories brand company’s stock valued at $888,000 after buying an additional 500 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Fossil Group by 1.9% in the first quarter. Wells Fargo & Company MN now owns 31,572 shares of the accessories brand company’s stock valued at $551,000 after buying an additional 586 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.
FOSL has been the subject of a number of analyst reports. Buckingham Research raised Fossil Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 20th. ValuEngine cut Fossil Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet cut Fossil Group from a “c-” rating to a “d+” rating in a report on Thursday, May 11th. Zacks Investment Research raised Fossil Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 8th. Finally, Wells Fargo & Company set a $12.00 price target on Fossil Group and gave the stock a “sell” rating in a report on Wednesday, May 10th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $16.23.
Fossil Group Company Profile
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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