Insider Selling: Fossil Group, Inc. (NASDAQ:FOSL) CEO Sells 10,000 Shares of Stock
Fossil Group, Inc. (NASDAQ:FOSL – Get Rating) CEO Kosta N. Kartsotis sold 10,000 shares of Fossil Group stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $7.06, for a total value of $70,600.00. Following the completion of the transaction, the chief executive officer now owns 3,215,837 shares of the company’s stock, valued at approximately $22,703,809.22. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of NASDAQ FOSL traded up $0.36 during mid-day trading on Friday, hitting $7.40. The company had a trading volume of 426,580 shares, compared to its average volume of 873,079. The stock has a market cap of $383.08 million, a price-to-earnings ratio of 13.04 and a beta of 1.42. Fossil Group, Inc. has a 12 month low of $6.24 and a 12 month high of $20.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.17 and a quick ratio of 1.27. The firm’s 50 day simple moving average is $9.36 and its two-hundred day simple moving average is $10.89.
Fossil Group (NASDAQ:FOSL – Get Rating) last announced its quarterly earnings results on Wednesday, March 9th. The accessories brand company reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of $604.20 million for the quarter. Fossil Group had a return on equity of 10.68% and a net margin of 1.50%.
Separately, StockNews.com lowered Fossil Group from a “buy” rating to a “hold” rating in a research report on Tuesday.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in Fossil Group by 4.0% during the 4th quarter. BlackRock Inc. now owns 7,986,492 shares of the accessories brand company’s stock valued at $82,181,000 after acquiring an additional 305,432 shares in the last quarter. Contrarius Investment Management Ltd increased its position in shares of Fossil Group by 17.2% during the 4th quarter. Contrarius Investment Management Ltd now owns 5,052,744 shares of the accessories brand company’s stock valued at $51,993,000 after purchasing an additional 742,726 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Fossil Group by 6.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,723,450 shares of the accessories brand company’s stock valued at $26,255,000 after purchasing an additional 167,880 shares during the period. State Street Corp increased its position in shares of Fossil Group by 2.6% during the 1st quarter. State Street Corp now owns 2,066,883 shares of the accessories brand company’s stock valued at $19,925,000 after purchasing an additional 52,651 shares during the period. Finally, Royce & Associates LP increased its position in shares of Fossil Group by 21.2% during the 4th quarter. Royce & Associates LP now owns 1,500,482 shares of the accessories brand company’s stock valued at $15,440,000 after purchasing an additional 262,660 shares during the period. 83.47% of the stock is currently owned by hedge funds and other institutional investors.
About Fossil Group (Get Rating)
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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