Fossil Group (NASDAQ:FOSL) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Fossil Group, Inc. (NASDAQ:FOSL)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.35 and traded as high as $1.95. Fossil Group shares last traded at $1.89, with a volume of 388,492 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Fossil Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

Fossil Group Trading Up 0.5 %

The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81. The stock has a fifty day moving average of $1.62 and a 200-day moving average of $1.35. The company has a market cap of $100.53 million, a PE ratio of -0.81 and a beta of 2.25.

Insider Activity

In related news, CEO Franco Fogliato acquired 111,175 shares of the stock in a transaction on Tuesday, November 26th. The stock was bought at an average cost of $1.37 per share, with a total value of $152,309.75. Following the transaction, the chief executive officer now directly owns 1,611,175 shares in the company, valued at approximately $2,207,309.75. This represents a 7.41 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 7.80% of the company’s stock.

Institutional Trading of Fossil Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Nantahala Capital Management LLC grew its stake in Fossil Group by 45.8% in the second quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company’s stock worth $2,696,000 after purchasing an additional 598,940 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Fossil Group by 91.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company’s stock worth $29,000 after buying an additional 9,624 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Fossil Group during the second quarter valued at $131,000. AQR Capital Management LLC bought a new stake in shares of Fossil Group in the second quarter valued at about $28,000. Finally, XTX Topco Ltd purchased a new stake in Fossil Group in the third quarter worth about $48,000. Institutional investors own 61.14% of the company’s stock.

About Fossil Group

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company’s products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.