Fossil Group (FOSL) Shares Down 5.4%
Fossil Group Inc (NASDAQ:FOSL)’s share price was down 5.4% during mid-day trading on Friday . The company traded as low as $7.92 and last traded at $7.71. Approximately 870,106 shares traded hands during trading, a decline of 60% from the average daily volume of 2,179,151 shares. The stock had previously closed at $8.15.
A number of equities analysts have issued reports on FOSL shares. Buckingham Research lowered their target price on Fossil Group from $9.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, November 8th. Bank of America lowered their target price on Fossil Group from $7.00 to $4.00 and set an “underperform” rating for the company in a report on Wednesday, November 8th. Zacks Investment Research upgraded Fossil Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. BidaskClub upgraded Fossil Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Finally, ValuEngine cut Fossil Group from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $11.27.
The firm has a market cap of $418.14, a price-to-earnings ratio of -1.17 and a beta of 0.65. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.09 and a current ratio of 2.32.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Unison Advisors LLC bought a new position in shares of Fossil Group in the 4th quarter valued at about $107,000. GSA Capital Partners LLP bought a new position in shares of Fossil Group in the 2nd quarter valued at about $120,000. Teacher Retirement System of Texas bought a new position in shares of Fossil Group in the 4th quarter valued at about $120,000. KBC Group NV grew its holdings in shares of Fossil Group by 167.9% in the 3rd quarter. KBC Group NV now owns 13,441 shares of the accessories brand company’s stock valued at $125,000 after acquiring an additional 8,424 shares in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Fossil Group in the 2nd quarter valued at about $130,000. Institutional investors own 91.92% of the company’s stock.
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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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