Fossil Group (NASDAQ:FOSL) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Fossil Group, Inc. (NASDAQ:FOSL) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.33 and traded as high as $1.86. Fossil Group shares last traded at $1.77, with a volume of 478,373 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Fossil Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Fossil Group Stock Performance

The company has a fifty day moving average price of $1.55 and a two-hundred day moving average price of $1.33. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.81 and a quick ratio of 1.10. The company has a market capitalization of $88.83 million, a P/E ratio of -0.72 and a beta of 2.25.

Insiders Place Their Bets

In related news, CEO Franco Fogliato bought 111,175 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was acquired at an average cost of $1.37 per share, with a total value of $152,309.75. Following the transaction, the chief executive officer now directly owns 1,611,175 shares in the company, valued at approximately $2,207,309.75. This trade represents a 7.41 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Fossil Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nantahala Capital Management LLC increased its position in Fossil Group by 45.8% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company’s stock valued at $2,696,000 after purchasing an additional 598,940 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Fossil Group by 91.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company’s stock worth $29,000 after buying an additional 9,624 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Fossil Group during the second quarter worth $131,000. AQR Capital Management LLC bought a new position in Fossil Group during the second quarter worth $28,000. Finally, XTX Topco Ltd acquired a new position in Fossil Group in the third quarter valued at $48,000. Institutional investors and hedge funds own 61.14% of the company’s stock.

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.