Fossil Group (NASDAQ:FOSL) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Fossil Group, Inc. (NASDAQ:FOSL) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.39 and traded as high as $3.85. Fossil Group shares last traded at $3.65, with a volume of 401,507 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FOSL shares. Wall Street Zen cut shares of Fossil Group from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Fossil Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Fossil Group presently has an average rating of “Hold” and an average price target of $5.00.

Fossil Group Trading Down 1.1%

The stock has a market capitalization of $199.44 million, a PE ratio of -2.87 and a beta of 1.58. The stock has a 50-day moving average price of $2.76 and a two-hundred day moving average price of $2.39. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.00 and a current ratio of 1.56.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations 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

In other Fossil Group news, Director Suzanne M. Coulter purchased 28,170 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was acquired at an average cost of $3.62 per share, for a total transaction of $101,975.40. Following the purchase, the director directly owned 98,457 shares of the company’s stock, valued at $356,414.34. This trade represents a 40.08% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Wendy Lee Schoppert acquired 41,322 shares of Fossil Group stock in a transaction dated Thursday, November 20th. The shares were bought at an average price of $2.47 per share, for a total transaction of $102,065.34. Following the transaction, the director 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 389,652 shares of company stock worth $816,874 in the last quarter. 2.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Nantahala Capital Management LLC grew its holdings in shares of Fossil Group by 21.5% in the second quarter. Nantahala Capital Management LLC now owns 5,087,803 shares of the accessories brand company’s stock valued at $7,530,000 after purchasing an additional 898,626 shares in the last quarter. Quinn Opportunity Partners LLC lifted its position in Fossil Group by 4,465.6% during the third quarter. Quinn Opportunity Partners LLC now owns 470,301 shares of the accessories brand company’s stock valued at $1,209,000 after purchasing an additional 460,000 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Fossil Group by 527.2% in the 3rd quarter. Bank of America Corp DE now owns 364,296 shares of the accessories brand company’s stock worth $936,000 after buying an additional 306,209 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Fossil Group by 154.1% in the 1st quarter. Acadian Asset Management LLC now owns 459,023 shares of the accessories brand company’s stock worth $527,000 after buying an additional 278,391 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Fossil Group by 36.0% during the 3rd quarter. Two Sigma Investments LP now owns 948,114 shares of the accessories brand company’s stock valued at $2,437,000 after buying an additional 251,214 shares in the last quarter. Hedge funds and other institutional investors own 61.14% of the company’s stock.

Fossil Group Company Profile

Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.

The group’s wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.