Kosta N. Kartsotis Sells 30,000 Shares of Fossil Group, Inc. (NASDAQ:FOSL) Stock

Fossil Group, Inc. (NASDAQ:FOSL) CEO Kosta N. Kartsotis sold 30,000 shares of Fossil Group stock in a transaction that occurred on Thursday, November 19th. The stock was sold at an average price of $11.85, for a total transaction of $355,500.00. Following the completion of the sale, the chief executive officer now directly owns 3,290,837 shares of the company’s stock, valued at approximately $38,996,418.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of NASDAQ FOSL opened at $11.09 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.09 and a current ratio of 1.90. The company has a market cap of $570.85 million, a P/E ratio of -3.99 and a beta of 1.44. The firm’s fifty day moving average is $6.56 and its two-hundred day moving average is $5.24. Fossil Group, Inc. has a 52-week low of $2.69 and a 52-week high of $12.20.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace North America L.P. bought a new stake in Fossil Group in the 1st quarter valued at $26,000. Comerica Bank increased its holdings in shares of Fossil Group by 7.9% in the 2nd quarter. Comerica Bank now owns 48,608 shares of the accessories brand company’s stock worth $194,000 after buying an additional 3,556 shares during the last quarter. UBS Group AG increased its holdings in shares of Fossil Group by 5.1% in the 2nd quarter. UBS Group AG now owns 97,130 shares of the accessories brand company’s stock worth $451,000 after buying an additional 4,703 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Fossil Group by 4.7% in the 3rd quarter. California Public Employees Retirement System now owns 107,267 shares of the accessories brand company’s stock worth $616,000 after buying an additional 4,800 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Fossil Group by 58.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 13,800 shares of the accessories brand company’s stock worth $79,000 after buying an additional 5,100 shares during the last quarter. Institutional investors own 91.73% of the company’s stock.

Several research analysts have recently weighed in on the stock. ValuEngine cut shares of Fossil Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 16th. BidaskClub downgraded shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Friday, October 2nd.

About Fossil Group

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

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