Fossil Group, Inc. (NASDAQ:FOSL) insider Gregory A. Mckelvey purchased 32,798 shares of the business’s stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $8.51 per share, with a total value of $279,110.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Fossil Group, Inc. (NASDAQ FOSL) traded up 0.12% during midday trading on Monday, hitting $8.21. 2,742,618 shares of the company traded hands. Fossil Group, Inc. has a 52 week low of $7.92 and a 52 week high of $36.87. The stock’s market capitalization is $398.19 million. The company has a 50-day moving average price of $10.33 and a 200-day moving average price of $14.84.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings data on Tuesday, August 8th. The accessories brand company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.05. The firm had revenue of $596.80 million during the quarter, compared to analyst estimates of $617.89 million. Fossil Group had a negative net margin of 11.33% and a positive return on equity of 6.34%. Fossil Group’s revenue was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS. Analysts anticipate that Fossil Group, Inc. will post $0.47 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of FOSL. Bank of New York Mellon Corp raised its position in Fossil Group by 7.3% in the first quarter. Bank of New York Mellon Corp now owns 561,584 shares of the accessories brand company’s stock valued at $9,798,000 after buying an additional 38,082 shares during the period. First Trust Advisors LP raised its position in Fossil Group by 2.0% in the first quarter. First Trust Advisors LP now owns 99,472 shares of the accessories brand company’s stock valued at $1,736,000 after buying an additional 1,931 shares during the period. State Board of Administration of Florida Retirement System raised its position in Fossil Group by 10.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 28,132 shares of the accessories brand company’s stock valued at $491,000 after buying an additional 2,615 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in Fossil Group by 709.0% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 102,513 shares of the accessories brand company’s stock valued at $1,789,000 after buying an additional 89,841 shares during the period. Finally, Great West Life Assurance Co. Can raised its position in Fossil Group by 148.8% in the first quarter. Great West Life Assurance Co. Can now owns 57,001 shares of the accessories brand company’s stock valued at $994,000 after buying an additional 34,088 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

A number of analysts have recently weighed in on the stock. Buckingham Research upgraded shares of Fossil Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 20th. ValuEngine lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Vetr lowered shares of Fossil Group from a “strong-buy” rating to a “buy” rating and set a $18.50 target price for the company. in a report on Monday, April 17th. TheStreet lowered shares of Fossil Group from a “c-” rating to a “d+” rating in a report on Thursday, May 11th. Finally, Zacks Investment Research upgraded shares of Fossil Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 8th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. Fossil Group has an average rating of “Hold” and a consensus price target of $16.23.

About Fossil Group

Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity.

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