Insider Selling: Fossil Group Insider Sells 5,539 Shares of Stock (FOSL)
Fossil Group (NASDAQ:FOSL) Insider Jennifer Pritchard sold 5,539 shares of Fossil Group stock on the open market in a transaction dated Thursday, August 21st. The stock was sold at an average price of $100.00, for a total transaction of $553,900.00. Following the completion of the transaction, the insider now directly owns 20,010 shares in the company, valued at approximately $2,001,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Fossil Group in a research note on Thursday, August 14th. They now have a $101.00 price target on the stock. Separately, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Fossil Group in a research note on Wednesday, August 13th. Finally, analysts at Sterne Agee cut their price target on shares of Fossil Group from $115.00 to $108.00 in a research note on Monday, August 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $121.33.
Shares of Fossil Group (NASDAQ:FOSL) traded up 2.54% during mid-day trading on Friday, hitting $102.54. The stock had a trading volume of 826,244 shares. Fossil Group has a 52-week low of $95.25 and a 52-week high of $134.99. The stock has a 50-day moving average of $100.7 and a 200-day moving average of $108.0. The company has a market cap of $5.425 billion and a price-to-earnings ratio of 15.40.
Fossil Group (NASDAQ:FOSL) last announced its earnings results on Tuesday, August 12th. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.96 by $0.02. The company had revenue of $773.80 million for the quarter, compared to the consensus estimate of $771.01 million. Analysts expect that Fossil Group will post $7.17 EPS for the current fiscal year.
Fossil Group, Inc, formerly Fossil, Inc, a global designer, marketer and distributer company that specializes in consumer fashion accessories.
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