Fossil Group, Inc. (NASDAQ:FOSL) insider Gregory A. Mckelvey bought 5,712 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average cost of $8.73 per share, with a total value of $49,865.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Gregory A. Mckelvey also recently made the following trade(s):

  • On Friday, August 25th, Gregory A. Mckelvey bought 5,988 shares of Fossil Group stock. The shares were acquired at an average cost of $8.35 per share, with a total value of $49,999.80.
  • On Friday, August 11th, Gregory A. Mckelvey bought 32,798 shares of Fossil Group stock. The shares were acquired at an average cost of $8.51 per share, with a total value of $279,110.98.

Fossil Group, Inc. (NASDAQ FOSL) traded down 3.82% on Wednesday, reaching $8.55. 2,610,617 shares of the company’s stock traded hands. Fossil Group, Inc. has a 52-week low of $6.80 and a 52-week high of $36.87. The firm’s market cap is $414.85 million. The stock’s 50 day moving average is $9.74 and its 200 day moving average is $13.86.

Fossil Group (NASDAQ:FOSL) last issued its earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.05. Fossil Group had a positive return on equity of 6.34% and a negative net margin of 11.33%. The company had revenue of $596.80 million for the quarter, compared to analysts’ expectations of $617.89 million. During the same period last year, the business earned $0.12 EPS. Fossil Group’s quarterly revenue was down 12.9% compared to the same quarter last year. On average, equities research analysts predict that Fossil Group, Inc. will post $0.47 EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of FOSL. Northwestern Mutual Investment Management Company LLC purchased a new position in shares of Fossil Group during the second quarter worth about $204,000. Renaissance Technologies LLC purchased a new position in shares of Fossil Group during the fourth quarter worth about $217,000. Acadian Asset Management LLC purchased a new position in shares of Fossil Group during the second quarter worth about $113,000. Koch Industries Inc. purchased a new position in shares of Fossil Group during the first quarter worth about $196,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Fossil Group during the second quarter worth about $120,000. Institutional investors own 97.21% of the company’s stock.

Several analysts recently commented on the stock. Wells Fargo & Co reissued an “underperform” rating and set a $7.00 target price (down from $8.00) on shares of Fossil Group in a research note on Thursday, August 10th. Jefferies Group LLC reissued a “hold” rating and set a $13.00 target price on shares of Fossil Group in a research note on Wednesday, August 9th. Buckingham Research cut their target price on shares of Fossil Group from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, August 9th. Bank of America Corporation set a $7.00 target price on shares of Fossil Group and gave the company a “sell” rating in a research note on Wednesday, August 9th. Finally, Telsey Advisory Group cut their target price on shares of Fossil Group from $13.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $16.23.

Fossil Group Company Profile

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.

Insider Buying and Selling by Quarter for Fossil Group (NASDAQ:FOSL)

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