Fossil Group Target of Unusually Large Options Trading (NASDAQ:FOSL)

Fossil Group, Inc. (NASDAQ:FOSL) was the recipient of unusually large options trading on Monday. Stock traders bought 3,405 call options on the stock. This is an increase of 941% compared to the typical volume of 327 call options.

Wall Street Analysts Forecast Growth

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

Fossil Group Price Performance

NASDAQ FOSL opened at $2.35 on Tuesday. The firm’s fifty day simple moving average is $1.23 and its two-hundred day simple moving average is $1.24. The firm has a market capitalization of $125.01 million, a P/E ratio of -0.91 and a beta of 2.18. The company has a current ratio of 1.81, a quick ratio of 1.10 and a debt-to-equity ratio of 1.07. Fossil Group has a 12-month low of $0.75 and a 12-month high of $2.61.

Insider Transactions at Fossil Group

In related news, CEO Franco Fogliato bought 111,175 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were bought at an average price of $1.37 per share, for a total transaction of $152,309.75. Following the completion of the purchase, the chief executive officer now directly owns 1,611,175 shares of the company’s stock, 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 can be accessed through the SEC website. Corporate insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Fossil Group by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,672,340 shares of the accessories brand company’s stock worth $2,726,000 after acquiring an additional 15,279 shares during the last quarter. Nantahala Capital Management LLC boosted its stake in Fossil Group by 45.8% in the 2nd quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company’s stock worth $2,696,000 after purchasing an additional 598,940 shares in the last quarter. RBF Capital LLC grew its position in Fossil Group by 12.7% during the 3rd quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock worth $339,000 after purchasing an additional 32,580 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Fossil Group by 97.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 99,488 shares of the accessories brand company’s stock valued at $102,000 after purchasing an additional 49,100 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Fossil Group in the second quarter worth $131,000. 61.14% of the stock is owned by institutional investors and hedge funds.

Fossil Group Company Profile

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.