Fossil Group, Inc. (NASDAQ:FOSL) CEO Franco Fogliato Purchases 111,175 Shares of Stock

Fossil Group, Inc. (NASDAQ:FOSL) CEO Franco Fogliato purchased 111,175 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were purchased 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 $2,207,309.75. This represents a 7.41 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Fossil Group Stock Down 2.0 %

Shares of FOSL opened at $1.46 on Friday. The company’s 50-day simple moving average is $1.22 and its 200-day simple moving average is $1.24. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81. Fossil Group, Inc. has a 1 year low of $0.75 and a 1 year high of $1.74. The stock has a market capitalization of $77.66 million, a PE ratio of -0.63 and a beta of 2.18.

Institutional Investors Weigh In On Fossil Group

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position 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 period. Price T Rowe Associates Inc. MD increased its holdings 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 worth $102,000 after purchasing an additional 49,100 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in Fossil Group by 91.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company’s stock valued at $29,000 after purchasing an additional 9,624 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Fossil Group in the 2nd quarter valued at about $131,000. Finally, AQR Capital Management LLC acquired a new position in shares of Fossil Group during the second quarter worth about $28,000. 61.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.