Investors Purchase High Volume of Fossil Group Call Options (FOSL)

Fossil Group Inc (NASDAQ:FOSL) was the target of unusually large options trading on Tuesday. Stock investors acquired 4,973 call options on the company. This represents an increase of 1,146% compared to the average daily volume of 399 call options.

In other Fossil Group news, Chairman Kosta N. Kartsotis sold 50,000 shares of Fossil Group stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $15.92, for a total value of $796,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gregory A. Mckelvey sold 249,940 shares of Fossil Group stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $14.64, for a total value of $3,659,121.60. The disclosure for this sale can be found here. Insiders own 8.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FOSL. JPMorgan Chase & Co. increased its holdings in shares of Fossil Group by 567.1% during the first quarter. JPMorgan Chase & Co. now owns 1,572,406 shares of the accessories brand company’s stock valued at $21,574,000 after acquiring an additional 1,336,698 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of Fossil Group by 28.7% during the third quarter. Vanguard Group Inc now owns 5,542,764 shares of the accessories brand company’s stock valued at $129,035,000 after acquiring an additional 1,235,339 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Fossil Group by 28.7% during the third quarter. Vanguard Group Inc. now owns 5,542,764 shares of the accessories brand company’s stock valued at $129,035,000 after acquiring an additional 1,235,339 shares in the last quarter. Morgan Stanley increased its holdings in shares of Fossil Group by 364.8% during the third quarter. Morgan Stanley now owns 1,391,269 shares of the accessories brand company’s stock valued at $32,389,000 after acquiring an additional 1,091,931 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Fossil Group by 534.5% during the fourth quarter. Millennium Management LLC now owns 454,770 shares of the accessories brand company’s stock valued at $7,154,000 after acquiring an additional 383,098 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

A number of equities research analysts have weighed in on the company. BidaskClub downgraded Fossil Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Telsey Advisory Group reiterated a “market perform” rating and issued a $17.00 target price (down from $20.00) on shares of Fossil Group in a report on Friday, February 8th. ValuEngine downgraded Fossil Group from a “hold” rating to a “sell” rating in a report on Thursday, February 14th. Zacks Investment Research upgraded Fossil Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, Wells Fargo & Co decreased their price objective on Fossil Group from $14.00 to $8.00 and set an “underperform” rating for the company in a report on Thursday, February 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Fossil Group has an average rating of “Hold” and an average target price of $20.00.

NASDAQ FOSL opened at $12.40 on Wednesday. The company has a market cap of $617.16 million, a PE ratio of 15.90 and a beta of 0.17. Fossil Group has a 52 week low of $12.34 and a 52 week high of $32.17. The company has a quick ratio of 1.45, a current ratio of 2.08 and a debt-to-equity ratio of 0.46.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings data on Wednesday, February 13th. The accessories brand company reported $1.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.26). The firm had revenue of $786.90 million for the quarter, compared to the consensus estimate of $805.17 million. Fossil Group had a negative net margin of 0.14% and a positive return on equity of 3.86%. The company’s revenue was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 EPS. On average, equities analysts anticipate that Fossil Group will post 0.64 earnings per share for the current fiscal year.

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About Fossil Group

Fossil Group, Inc designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. Its principal products include men's and women's fashion watches and jewelry, smartwatches, handbags, small leather goods, belts, and sunglasses.

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