Insider Selling: Fossil Group Inc (FOSL) Insider Sells 249,940 Shares of Stock

Fossil Group Inc (NASDAQ:FOSL) insider Gregory A. Mckelvey sold 249,940 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $14.64, for a total transaction of $3,659,121.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

FOSL traded up $0.27 during trading on Thursday, hitting $15.15. 2,719,029 shares of the company traded hands, compared to its average volume of 1,985,375. The stock has a market capitalization of $729.96 million, a price-to-earnings ratio of 19.42 and a beta of 0.25. Fossil Group Inc has a 1 year low of $11.40 and a 1 year high of $32.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.45 and a current ratio of 2.08.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings data on Wednesday, February 13th. The accessories brand company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.26). Fossil Group had a positive return on equity of 3.86% and a negative net margin of 0.14%. The business had revenue of $786.90 million during the quarter, compared to analysts’ expectations of $805.17 million. During the same period in the previous year, the business earned $0.64 earnings per share. The business’s quarterly revenue was down 14.6% on a year-over-year basis. On average, equities research analysts forecast that Fossil Group Inc will post 0.64 earnings per share for the current year.

Several large investors have recently modified their holdings of FOSL. Oppenheimer Asset Management Inc. purchased a new position in shares of Fossil Group in the 4th quarter worth $27,000. Palo Capital Inc. purchased a new position in shares of Fossil Group in the 3rd quarter worth $156,000. United Services Automobile Association grew its stake in shares of Fossil Group by 9.3% in the 4th quarter. United Services Automobile Association now owns 11,045 shares of the accessories brand company’s stock worth $174,000 after buying an additional 943 shares in the last quarter. Convergence Investment Partners LLC purchased a new position in shares of Fossil Group in the 4th quarter worth $188,000. Finally, NumerixS Investment Technologies Inc purchased a new position in shares of Fossil Group in the 4th quarter worth $206,000. 89.08% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the stock. ValuEngine raised shares of Fossil Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $17.00 target price (down from $20.00) on shares of Fossil Group in a research note on Friday, February 8th. BidaskClub cut shares of Fossil Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Wells Fargo & Co cut their target price on shares of Fossil Group from $14.00 to $8.00 and set an “underperform” rating for the company in a research note on Thursday, February 14th. Finally, Zacks Investment Research cut shares of Fossil Group from a “hold” rating to a “strong sell” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Fossil Group has an average rating of “Hold” and a consensus price target of $20.00.

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About Fossil Group

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company's principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, and sunglasses. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ARMANI EXCHANGE, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.

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Insider Buying and Selling by Quarter for Fossil Group (NASDAQ:FOSL)

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