Fossil Group Director Elaine B. Agather Sells 2,500 Shares (FOSL)
Fossil Group (NASDAQ:FOSL) Director Elaine B. Agather unloaded 2,500 shares of the company’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $102.54, for a total transaction of $256,350.00. Following the completion of the sale, the director now directly owns 3,773 shares of the company’s stock, valued at approximately $386,883. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Fossil Group (NASDAQ:FOSL) traded up 0.60% on Friday, hitting $101.29. 658,497 shares of the company’s stock traded hands. Fossil Group has a 52 week low of $95.25 and a 52 week high of $134.99. The stock’s 50-day moving average is $100.6 and its 200-day moving average is $107.7. The company has a market cap of $5.359 billion and a P/E ratio of 15.51. Fossil Group also was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totalling 4,176,864 shares, a growth of 19.6% from the July 31st total of 3,491,965 shares. Currently, 9.0% of the company’s shares are short sold. Based on an average daily volume of 971,826 shares, the days-to-cover ratio is currently 4.3 days.
Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the 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.
A number of analysts have recently weighed in on FOSL shares. 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 given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $121.33.
Fossil Group, Inc, formerly Fossil, Inc, a global designer, marketer and distributer company that specializes in consumer fashion accessories.
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