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

by · The Cerbat Gem

Fossil Group, Inc. (NASDAQ:FOSL – Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.00 and traded as high as $2.06. Fossil Group shares last traded at $1.80, with a volume of 684,835 shares traded.

Wall Street Analyst Weigh In

Several brokerages have commented on FOSL. Weiss Ratings restated a “sell (d-)” rating on shares of Fossil Group in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Fossil Group has a consensus rating of “Hold” and a consensus target price of $5.00.

View Our Latest Research Report on Fossil Group

Fossil Group Stock Down 12.2%

The firm’s 50 day simple moving average is $2.68 and its 200-day simple moving average is $2.00. The company has a current ratio of 1.83, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $96.81 million, a price-to-earnings ratio of -1.62 and a beta of 2.17.

Fossil Group (NASDAQ:FOSL – Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The accessories brand company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.11. The company had revenue of $220.40 million during the quarter, compared to analysts’ expectations of $198.04 million. Fossil Group had a negative return on equity of 12.07% and a negative net margin of 5.49%.

Institutional Investors Weigh In On Fossil Group

Several large investors have recently made changes to their positions in FOSL. Jane Street Group LLC grew its stake in shares of Fossil Group by 93.1% in the first quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company’s stock valued at $49,000 after buying an additional 20,530 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Fossil Group in the 2nd quarter valued at about $122,000. Caprock Group LLC bought a new position in shares of Fossil Group in the 3rd quarter valued at about $140,000. American Century Companies Inc. increased its stake in shares of Fossil Group by 356.9% during the 1st quarter. American Century Companies Inc. now owns 129,025 shares of the accessories brand company’s stock worth $148,000 after purchasing an additional 100,783 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Fossil Group by 43.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 144,375 shares of the accessories brand company’s stock valued at $166,000 after purchasing an additional 43,849 shares during the period. Institutional investors and hedge funds own 61.14% of the company’s stock.

Fossil Group Company Profile

(Get Free Report)

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company’s products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.

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