Darren E. Hart Sells 33,899 Shares of Fossil Group, Inc. (NASDAQ:FOSL) Stock

Fossil Group, Inc. (NASDAQ:FOSL) EVP Darren E. Hart sold 33,899 shares of the firm’s stock in a transaction that occurred on Tuesday, June 8th. The stock was sold at an average price of $15.68, for a total value of $531,536.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

FOSL stock opened at $14.74 on Friday. The company’s fifty day simple moving average is $13.05. Fossil Group, Inc. has a fifty-two week low of $3.19 and a fifty-two week high of $28.60. The firm has a market cap of $767.69 million, a PE ratio of -21.68 and a beta of 1.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.23.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings results on Wednesday, March 10th. The accessories brand company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.07). Fossil Group had a negative net margin of 2.19% and a negative return on equity of 2.51%. The business had revenue of $528.10 million for the quarter.

A number of hedge funds have recently added to or reduced their stakes in FOSL. Meeder Asset Management Inc. boosted its position in Fossil Group by 5,392.1% in the 1st quarter. Meeder Asset Management Inc. now owns 2,087 shares of the accessories brand company’s stock valued at $25,000 after buying an additional 2,049 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of Fossil Group in the 1st quarter worth $26,000. Captrust Financial Advisors boosted its position in shares of Fossil Group by 2,167.4% in the 1st quarter. Captrust Financial Advisors now owns 2,154 shares of the accessories brand company’s stock worth $27,000 after purchasing an additional 2,059 shares during the last quarter. ProShare Advisors LLC bought a new position in shares of Fossil Group in the 4th quarter worth $98,000. Finally, Engineers Gate Manager LP bought a new position in shares of Fossil Group in the 4th quarter worth $110,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

Separately, TheStreet cut Fossil Group from a “c-” rating to a “d+” rating in a report on Tuesday, March 23rd.

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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