Fossil Group Target of Unusually Large Options Trading (FOSL)

Fossil Group Inc (NASDAQ:FOSL) was the recipient of unusually large options trading activity on Tuesday. Investors bought 6,669 put options on the stock. This represents an increase of 1,195% compared to the average volume of 515 put options.

In related news, Director James E. Skinner sold 6,000 shares of Fossil Group stock in a transaction on Monday, November 26th. The shares were sold at an average price of $21.31, for a total transaction of $127,860.00. Following the sale, the director now directly owns 42,943 shares in the company, valued at approximately $915,115.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John A. White sold 16,303 shares of Fossil Group stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $19.10, for a total transaction of $311,387.30. The disclosure for this sale can be found here. Insiders have sold a total of 41,103 shares of company stock worth $829,347 over the last quarter. 8.20% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of FOSL. FMR LLC grew its position in Fossil Group by 1.2% during the 2nd quarter. FMR LLC now owns 7,385,770 shares of the accessories brand company’s stock worth $198,456,000 after purchasing an additional 89,000 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Fossil Group by 102.2% in the second quarter. Bank of America Corp DE now owns 53,870 shares of the accessories brand company’s stock valued at $1,447,000 after acquiring an additional 27,229 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Fossil Group by 108.6% in the second quarter. Millennium Management LLC now owns 65,509 shares of the accessories brand company’s stock valued at $1,760,000 after acquiring an additional 34,104 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Fossil Group by 4.3% in the second quarter. Northern Trust Corp now owns 575,598 shares of the accessories brand company’s stock valued at $15,467,000 after acquiring an additional 23,637 shares in the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of Fossil Group in the second quarter valued at about $220,000. 89.08% of the stock is currently owned by institutional investors.

Shares of Fossil Group stock opened at $16.87 on Wednesday. Fossil Group has a 1 year low of $7.16 and a 1 year high of $32.17. The company has a current ratio of 2.01, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. The firm has a market cap of $834.32 million, a price-to-earnings ratio of 337.40 and a beta of 0.25.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings data on Wednesday, November 7th. The accessories brand company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.29. Fossil Group had a negative net margin of 4.90% and a positive return on equity of 0.15%. The company had revenue of $609.00 million for the quarter, compared to the consensus estimate of $616.30 million. During the same period last year, the firm posted $0.03 EPS. Fossil Group’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, research analysts forecast that Fossil Group will post 1.03 EPS for the current year.

Several research analysts have issued reports on FOSL shares. BidaskClub raised shares of Fossil Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 30th. Zacks Investment Research raised shares of Fossil Group from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Tuesday, October 9th. ValuEngine raised shares of Fossil Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 1st. Finally, TheStreet downgraded shares of Fossil Group from a “c-” rating to a “d+” rating in a research report on Monday, December 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $22.50.

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Fossil Group Company Profile

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company's principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, and sunglasses. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ARMANI EXCHANGE, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.

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