Fossil Group (NASDAQ:FOSL) Share Price Passes Above 200 Day Moving Average – What’s Next?

Fossil Group, Inc. (NASDAQ:FOSL)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.39 and traded as high as $1.70. Fossil Group shares last traded at $1.67, with a volume of 179,460 shares.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Fossil Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Fossil Group Trading Down 0.6 %

The company has a market cap of $88.83 million, a PE ratio of -0.72 and a beta of 2.20. The company has a quick ratio of 1.10, a current ratio of 1.81 and a debt-to-equity ratio of 1.07. The business has a 50-day simple moving average of $1.80 and a 200-day simple moving average of $1.39.

Fossil Group (NASDAQ:FOSL) last announced its earnings results on Thursday, November 7th. The accessories brand company reported ($0.51) earnings per share (EPS) for the quarter. Fossil Group had a negative net margin of 10.07% and a negative return on equity of 40.95%. The firm had revenue of $287.80 million during the quarter.

Insider Transactions at Fossil Group

In other Fossil Group news, CEO Franco Fogliato bought 111,175 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average price of $1.37 per share, with a total value of $152,309.75. Following the completion of the acquisition, the chief executive officer now directly owns 1,611,175 shares of the company’s stock, valued at $2,207,309.75. This represents a 7.41 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Fossil Group

Several large investors have recently bought and sold shares of FOSL. Point72 Asia Singapore Pte. Ltd. acquired a new position in Fossil Group in the second quarter valued at $131,000. LVW Advisors LLC acquired a new stake in Fossil Group in the fourth quarter valued at about $100,000. XTX Topco Ltd acquired a new stake in Fossil Group in the third quarter valued at about $48,000. RBF Capital LLC lifted its position in Fossil Group by 12.7% in the third quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock valued at $339,000 after purchasing an additional 32,580 shares during the period. Finally, AQR Capital Management LLC purchased a new position in Fossil Group in the second quarter valued at about $28,000. Hedge funds and other institutional investors own 61.14% of the company’s stock.

Fossil Group Company Profile

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.