Fossil Group, Inc. (NASDAQ:FOSL) EVP Gregory A. Mckelvey bought 110,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were acquired at an average price of $6.22 per share, for a total transaction of $684,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Gregory A. Mckelvey also recently made the following trade(s):
- On Tuesday, August 29th, Gregory A. Mckelvey bought 5,712 shares of Fossil Group stock. The shares were acquired at an average price of $8.73 per share, for a total transaction of $49,865.76.
- On Friday, August 25th, Gregory A. Mckelvey bought 5,988 shares of Fossil Group stock. The shares were acquired at an average price of $8.35 per share, for a total transaction of $49,999.80.
Shares of Fossil Group, Inc. (NASDAQ:FOSL) opened at $7.20 on Wednesday. Fossil Group, Inc. has a twelve month low of $5.50 and a twelve month high of $36.87. The company has a market capitalization of $327.56, a price-to-earnings ratio of 8.23 and a beta of 0.77. The company has a current ratio of 2.32, a quick ratio of 1.09 and a debt-to-equity ratio of 0.68.
Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings results on Tuesday, November 7th. The accessories brand company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.32. Fossil Group had a positive return on equity of 4.75% and a negative net margin of 12.33%. The firm had revenue of $689.00 million during the quarter, compared to the consensus estimate of $649.87 million. During the same period in the prior year, the firm earned $0.36 EPS. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. research analysts predict that Fossil Group, Inc. will post -0.17 earnings per share for the current year.
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A number of research firms recently weighed in on FOSL. Zacks Investment Research cut Fossil Group from a “hold” rating to a “sell” rating in a report on Friday, November 10th. ValuEngine cut Fossil Group from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Bank of America Corporation lowered their price target on Fossil Group from $7.00 to $4.00 and set an “underperform” rating on the stock in a report on Wednesday, November 8th. Buckingham Research lowered their price target on Fossil Group from $9.00 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, November 8th. Finally, Piper Jaffray Companies set a $10.00 target price on Fossil Group and gave the company a “hold” rating in a research note on Thursday, October 12th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $15.43.
A number of hedge funds and other institutional investors have recently made changes to their positions in FOSL. BlackRock Inc. increased its holdings in Fossil Group by 19,301.2% in the 1st quarter. BlackRock Inc. now owns 5,209,210 shares of the accessories brand company’s stock valued at $90,900,000 after purchasing an additional 5,182,360 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Fossil Group by 3,915.2% during the second quarter. JPMorgan Chase & Co. now owns 2,514,634 shares of the accessories brand company’s stock valued at $26,027,000 after acquiring an additional 2,452,006 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Fossil Group by 6,109.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,273,027 shares of the accessories brand company’s stock valued at $13,176,000 after acquiring an additional 1,252,527 shares in the last quarter. Southpoint Capital Advisors LP acquired a new stake in shares of Fossil Group during the second quarter valued at about $10,350,000. Finally, Contrarius Investment Management Ltd grew its stake in shares of Fossil Group by 511.8% during the third quarter. Contrarius Investment Management Ltd now owns 1,111,463 shares of the accessories brand company’s stock valued at $10,370,000 after acquiring an additional 929,803 shares in the last quarter.
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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