Fossil Group (NASDAQ:FOSL) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Fossil Group, Inc. (NASDAQ:FOSL)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.19 and traded as high as $4.19. Fossil Group shares last traded at $4.17, with a volume of 1,014,211 shares trading hands.

Wall Street Analysts Forecast Growth

FOSL has been the topic of a number of recent analyst reports. Maxim Group upped their price objective on Fossil Group from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Fossil Group in a report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.00.

Fossil Group Stock Up 3.5%

The company has a debt-to-equity ratio of 2.32, a current ratio of 1.72 and a quick ratio of 1.10. The company has a market capitalization of $246.45 million, a price-to-earnings ratio of -3.66 and a beta of 1.62. The firm’s 50-day simple moving average is $4.40 and its two-hundred day simple moving average is $4.19.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Wednesday, May 13th. The accessories brand company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.25. The company had revenue of $224.76 million during the quarter, compared to the consensus estimate of $204.74 million. Fossil Group had a negative net margin of 6.19% and a negative return on equity of 48.51%. Sell-side analysts predict that Fossil Group, Inc. will post -0.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Wendy Lee Schoppert acquired 24,331 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of $4.14 per share, with a total value of $100,730.34. Following the purchase, the director directly owned 120,625 shares of the company’s stock, valued at approximately $499,387.50. This trade represents a 25.27% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 2.90% of the stock is owned by insiders.

Institutional Trading of Fossil Group

Several large investors have recently bought and sold shares of the company. Carrera Capital Advisors acquired a new stake in Fossil Group in the fourth quarter valued at $38,000. Bridgeway Capital Management LLC raised its stake in shares of Fossil Group by 2.5% during the 2nd quarter. Bridgeway Capital Management LLC now owns 425,182 shares of the accessories brand company’s stock worth $629,000 after buying an additional 10,249 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Fossil Group by 6.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 163,035 shares of the accessories brand company’s stock worth $702,000 after buying an additional 10,399 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Fossil Group by 9.3% in the 1st quarter. Empowered Funds LLC now owns 124,999 shares of the accessories brand company’s stock worth $539,000 after buying an additional 10,596 shares in the last quarter. Finally, Wexford Capital LP acquired a new stake in Fossil Group in the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 61.14% of the company’s stock.

About Fossil Group

Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.

The group’s wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.