Fossil Group (FOSL) Shares Gap Down to $17.17
Fossil Group Inc (NASDAQ:FOSL)’s share price gapped down prior to trading on Friday . The stock had previously closed at $16.59, but opened at $17.17. Fossil Group shares last traded at $17.89, with a volume of 21992 shares traded.
A number of equities analysts have recently weighed in on FOSL shares. BidaskClub raised Fossil Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 30th. Zacks Investment Research raised Fossil Group from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Tuesday, October 9th. ValuEngine raised Fossil Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 1st. Finally, TheStreet lowered Fossil Group from a “c-” rating to a “d+” rating in a research note on Monday, December 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $22.50.
The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.10. The stock has a market capitalization of $941.14 million, a P/E ratio of 354.60 and a beta of 0.18.
In related news, VP John A. White sold 18,800 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $20.75, for a total value of $390,100.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James E. Skinner sold 6,000 shares of the stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $21.31, for a total value of $127,860.00. Following the completion of the transaction, the director now directly owns 42,943 shares in the company, valued at approximately $915,115.33. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,103 shares of company stock worth $829,347. Company insiders own 8.20% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its stake in Fossil Group by 4.9% in the 4th quarter. State of Alaska Department of Revenue now owns 15,164 shares of the accessories brand company’s stock worth $238,000 after acquiring an additional 709 shares during the last quarter. Palo Capital Inc. purchased a new position in Fossil Group in the 3rd quarter worth $156,000. Vanguard Group Inc raised its stake in Fossil Group by 28.7% in the 3rd quarter. Vanguard Group Inc now owns 5,542,764 shares of the accessories brand company’s stock worth $129,035,000 after acquiring an additional 1,235,339 shares during the last quarter. Vanguard Group Inc. raised its stake in Fossil Group by 28.7% in the 3rd quarter. Vanguard Group Inc. now owns 5,542,764 shares of the accessories brand company’s stock worth $129,035,000 after acquiring an additional 1,235,339 shares during the last quarter. Finally, Morgan Stanley raised its stake in Fossil Group by 364.8% in the 3rd quarter. Morgan Stanley now owns 1,391,269 shares of the accessories brand company’s stock worth $32,389,000 after acquiring an additional 1,091,931 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors.
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About Fossil Group (NASDAQ:FOSL)
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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