Fossil Group (NASDAQ:FOSL) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Fossil Group, Inc. (NASDAQ:FOSL)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.18 and traded as high as $3.61. Fossil Group shares last traded at $3.42, with a volume of 1,377,438 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FOSL. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fossil Group in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Fossil Group currently has an average rating of “Hold” and a consensus price target of $5.00.

Fossil Group Price Performance

The company has a market cap of $186.87 million, a price-to-earnings ratio of -2.69 and a beta of 1.58. The company’s 50 day moving average price is $2.45 and its 200 day moving average price is $2.18. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 1.76.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Thursday, November 13th. The accessories brand company reported ($0.63) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.27). The firm had revenue of $270.20 million for the quarter, compared to analyst estimates of $233.32 million. Fossil Group had a negative return on equity of 18.08% and a negative net margin of 6.32%.

Insider Buying and Selling at Fossil Group

In other Fossil Group news, Director Wendy Lee Schoppert acquired 41,322 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The shares were purchased at an average price of $2.47 per share, with a total value of $102,065.34. Following the completion of the acquisition, the director directly owned 43,788 shares of the company’s stock, valued at approximately $108,156.36. The trade was a 1,675.67% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gail B. Tifford acquired 33,000 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was acquired at an average price of $2.40 per share, with a total value of $79,200.00. Following the transaction, the director directly owned 135,925 shares of the company’s stock, valued at $326,220. This represents a 32.06% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 361,482 shares of company stock worth $714,898. 2.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fossil Group

Several institutional investors have recently made changes to their positions in the stock. Bridgeway Capital Management LLC increased its holdings in shares of Fossil Group by 2.5% in the 2nd quarter. Bridgeway Capital Management LLC now owns 425,182 shares of the accessories brand company’s stock valued at $629,000 after purchasing an additional 10,249 shares in the last quarter. Wexford Capital LP acquired a new position in Fossil Group during the third quarter worth about $28,000. EHP Funds Inc. acquired a new position in Fossil Group during the third quarter worth about $28,000. Ameriprise Financial Inc. increased its holdings in Fossil Group by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 2,461,746 shares of the accessories brand company’s stock valued at $3,643,000 after buying an additional 13,091 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in Fossil Group in the third quarter valued at about $39,000. 61.14% of the stock is currently owned by hedge funds and other institutional investors.

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.