Fossil Group (NASDAQ:FOSL) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Fossil Group, Inc. (NASDAQ:FOSL)’s share price 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.

Analysts Set New Price Targets

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

Fossil Group Stock Down 6.3 %

The firm has a market cap of $94.15 million, a P/E ratio of -0.76 and a beta of 2.25. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81. The firm’s fifty day moving average is $1.52 and its 200 day moving average is $1.33.

Insiders Place Their Bets

In other Fossil Group news, CEO Franco Fogliato bought 111,175 shares of Fossil Group stock in a transaction on Tuesday, November 26th. The shares were purchased at an average cost of $1.37 per share, with a total value of $152,309.75. Following the acquisition, the chief executive officer now directly owns 1,611,175 shares of the company’s stock, valued at $2,207,309.75. The trade was a 7.41 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Nantahala Capital Management LLC raised its holdings 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 worth $2,696,000 after purchasing an additional 598,940 shares during the last quarter. RBF Capital LLC increased its position in Fossil Group by 12.7% in the 3rd quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock valued at $339,000 after buying an additional 32,580 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Fossil Group during the second quarter worth approximately $131,000. XTX Topco Ltd bought a new position in shares of Fossil Group in the third quarter valued at $48,000. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Fossil Group by 91.7% in the second 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. 61.14% of the stock is owned by institutional investors.

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.