Fossil Group (NASDAQ:FOSL) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Fossil Group, Inc. (NASDAQ:FOSL) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.87 and traded as high as $3.63. Fossil Group shares last traded at $3.55, with a volume of 631,052 shares.

Analyst Ratings Changes

FOSL has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fossil Group in a report on Thursday, January 22nd. Wall Street Zen cut shares of Fossil Group from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Fossil Group presently has an average rating of “Hold” and an average target price of $5.00.

Fossil Group Trading Up 2.3%

The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.00 and a current ratio of 1.56. The company has a market capitalization of $193.98 million, a price-to-earnings ratio of -2.80 and a beta of 1.61. The firm has a fifty day moving average price of $3.68 and a 200-day moving average price of $2.87.

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

Insiders Place Their Bets

In other news, Director Suzanne M. Coulter acquired 28,170 shares of the 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 completion of the transaction, the director directly owned 98,457 shares in the company, valued at approximately $356,414.34. This trade represents a 40.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gail B. Tifford bought 33,000 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were acquired at an average price of $2.40 per share, with a total value of $79,200.00. Following the completion of the purchase, the director directly owned 135,925 shares of the company’s stock, valued at approximately $326,220. The trade was a 32.06% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 389,652 shares of company stock valued at $816,874 over the last three months. 2.90% of the stock is owned by corporate insiders.

Institutional Trading of Fossil Group

Large investors have recently bought and sold shares of the business. Carrera Capital Advisors bought a new position in Fossil Group in the fourth quarter valued at about $38,000. Wexford Capital LP acquired a new stake in shares of Fossil Group in the 3rd quarter valued at approximately $28,000. EHP Funds Inc. bought a new stake in shares of Fossil Group during the 3rd quarter valued at approximately $28,000. Qube Research & Technologies Ltd bought a new stake in shares of Fossil Group during the 3rd quarter valued at approximately $39,000. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new position in Fossil Group during the 3rd quarter worth approximately $45,000. 61.14% of the stock is owned by institutional investors and hedge funds.

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.