Fossil Group, Inc. (NASDAQ:FOSL) Short Interest Update

Fossil Group, Inc. (NASDAQ:FOSL) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 1,710,000 shares, a growth of 5.6% from the December 31st total of 1,620,000 shares. Based on an average daily volume of 961,900 shares, the days-to-cover ratio is currently 1.8 days. Approximately 3.7% of the company’s shares are short sold.

Analyst Ratings Changes

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

Insider Buying and Selling at Fossil Group

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

Institutional Investors Weigh In On Fossil Group

A number of institutional investors have recently modified their holdings of FOSL. AQR Capital Management LLC acquired a new position in Fossil Group during the 2nd quarter worth $28,000. XTX Topco Ltd acquired a new position in Fossil Group during the 3rd quarter worth $48,000. LVW Advisors LLC acquired a new position in Fossil Group during the 4th quarter worth $100,000. Finally, RBF Capital LLC grew its stake in Fossil Group by 12.7% during the 3rd quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock worth $339,000 after purchasing an additional 32,580 shares in the last quarter. 61.14% of the stock is owned by institutional investors and hedge funds.

Fossil Group Trading Down 0.6 %

Shares of NASDAQ FOSL opened at $1.67 on Monday. Fossil Group has a twelve month low of $0.75 and a twelve month high of $2.61. The company has a current ratio of 1.81, a quick ratio of 1.10 and a debt-to-equity ratio of 1.07. The stock has a fifty day simple moving average of $1.80 and a 200-day simple moving average of $1.39. The stock has a market capitalization of $88.83 million, a PE ratio of -0.72 and a beta of 2.20.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings data on Thursday, November 7th. The accessories brand company reported ($0.51) earnings per share 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.

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.