TheStreet downgraded shares of Fossil Group (NASDAQ:FOSL) from a c- rating to a d rating in a report published on Thursday, November 7th, TheStreetRatingsTable reports.
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Several other equities research analysts have also recently weighed in on FOSL. Zacks Investment Research upgraded Fossil Group from a hold rating to a buy rating and set a $13.00 target price for the company in a report on Wednesday, October 23rd. BidaskClub upgraded Fossil Group from a hold rating to a buy rating in a report on Friday, November 8th. Wells Fargo & Co lowered their target price on Fossil Group from $8.00 to $6.00 and set an underperform rating for the company in a report on Thursday, November 7th. Telsey Advisory Group reiterated a market perform rating and issued a $12.00 target price (down from $15.00) on shares of Fossil Group in a report on Monday, August 5th. Finally, ValuEngine cut Fossil Group from a hold rating to a sell rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $10.33.
FOSL stock traded up $0.07 on Thursday, reaching $7.89. The company’s stock had a trading volume of 1,006,100 shares, compared to its average volume of 1,540,501. Fossil Group has a 12-month low of $7.67 and a 12-month high of $22.24. The firm has a market cap of $395.04 million, a PE ratio of 10.12 and a beta of 0.40. The business has a fifty day simple moving average of $10.98 and a two-hundred day simple moving average of $11.36. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.99 and a current ratio of 2.06.
In other Fossil Group news, EVP Gregory A. Mckelvey bought 100,000 shares of Fossil Group stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average cost of $9.86 per share, with a total value of $986,000.00. Following the transaction, the executive vice president now directly owns 432,093 shares of the company’s stock, valued at approximately $4,260,436.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Darren E. Hart bought 20,000 shares of Fossil Group stock in a transaction that occurred on Thursday, August 22nd. The shares were acquired at an average cost of $10.03 per share, for a total transaction of $200,600.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 153,600 shares of company stock valued at $1,529,992 over the last 90 days. 8.00% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. acquired a new position in shares of Fossil Group in the first quarter valued at about $26,000. US Bancorp DE increased its holdings in shares of Fossil Group by 523.7% in the second quarter. US Bancorp DE now owns 2,551 shares of the accessories brand company’s stock valued at $29,000 after purchasing an additional 2,142 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Fossil Group in the second quarter valued at about $30,000. Bank of Montreal Can acquired a new position in shares of Fossil Group in the second quarter valued at about $45,000. Finally, Flinton Capital Management LLC increased its holdings in shares of Fossil Group by 22.8% in the second quarter. Flinton Capital Management LLC now owns 6,032 shares of the accessories brand company’s stock valued at $69,000 after purchasing an additional 1,120 shares during the period.
Fossil Group Company Profile
Fossil Group, Inc designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. Its principal products include men's and women's fashion watches and jewelry, smartwatches, handbags, small leather goods, belts, and sunglasses.
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