Fossil Group (NASDAQ:FOSL) Stock Crosses Above Two Hundred Day Moving Average – Should You 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 $4.05 and traded as high as $4.17. Fossil Group shares last traded at $4.07, with a volume of 503,713 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FOSL shares. Zacks Research raised Fossil Group to a “hold” rating in a research note on Friday, February 20th. Maxim Group upped their price objective on Fossil Group from $5.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Northland Securities started coverage on Fossil Group in a research note on Thursday, February 19th. They issued an “outperform” rating and a $7.00 price objective for the company. Wall Street Zen raised Fossil Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fossil Group in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Fossil Group has a consensus rating of “Hold” and a consensus price target of $7.00.

Fossil Group Price Performance

The firm has a market cap of $240.54 million, a price-to-earnings ratio of -3.57 and a beta of 1.62. The business’s 50-day simple moving average is $4.55 and its two-hundred day simple moving average is $4.05. The company has a current ratio of 1.72, a quick ratio of 1.10 and a debt-to-equity ratio of 2.32.

Fossil Group (NASDAQ:FOSL) last released its earnings results on Wednesday, May 13th. The accessories brand company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.25. The business 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%. As a group, research analysts expect 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 bought 24,331 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was acquired at an average price of $4.14 per share, with a total value of $100,730.34. Following the transaction, the director owned 120,625 shares of the company’s stock, valued at $499,387.50. This trade represents a 25.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.90% of the company’s stock.

Institutional Trading of Fossil Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FOSL. EHP Funds Inc. acquired a new stake in Fossil Group during the 3rd quarter valued at approximately $28,000. Wexford Capital LP acquired a new stake in Fossil Group during the 3rd quarter valued at approximately $28,000. Carrera Capital Advisors acquired a new stake in Fossil Group during the 4th quarter valued at approximately $38,000. Qube Research & Technologies Ltd acquired a new stake in shares of Fossil Group during the 3rd quarter worth approximately $39,000. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Fossil Group during the 3rd quarter worth approximately $45,000. 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.