Fossil Group, Inc. (NASDAQ:FOSL) Sees Large Growth in Short Interest

Fossil Group, Inc. (NASDAQ:FOSL) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 1,710,000 shares, a growth of 5.6% from the December 31st total of 1,620,000 shares. Based on an average daily volume of 961,900 shares, the days-to-cover ratio is presently 1.8 days. Approximately 3.7% of the shares of the company are short sold.

Insider Buying and Selling at Fossil Group

In related news, CEO Franco Fogliato acquired 111,175 shares of the company’s stock in a transaction dated 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 completion of the acquisition, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fossil Group

A number of hedge funds and other institutional investors have recently made changes to their positions in FOSL. AQR Capital Management LLC purchased a new stake in Fossil Group during the second quarter worth $28,000. XTX Topco Ltd purchased a new stake in shares of Fossil Group during the 3rd quarter worth about $48,000. LVW Advisors LLC acquired a new stake in shares of Fossil Group during the 4th quarter valued at about $100,000. Finally, RBF Capital LLC raised its holdings 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 worth $339,000 after purchasing an additional 32,580 shares during the period. Institutional investors and hedge funds own 61.14% of the company’s stock.

Fossil Group Stock Performance

Shares of NASDAQ FOSL opened at $1.59 on Tuesday. The company has a 50 day simple moving average of $1.80 and a two-hundred day simple moving average of $1.39. The stock has a market cap of $84.58 million, a price-to-earnings ratio of -0.68 and a beta of 2.20. 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.

Fossil Group (NASDAQ:FOSL) last posted its earnings results on Thursday, November 7th. The accessories brand company reported ($0.51) earnings per share (EPS) for the quarter. The business had revenue of $287.80 million for the quarter. Fossil Group had a negative net margin of 10.07% and a negative return on equity of 40.95%.

Analysts Set New Price Targets

Separately, StockNews.com raised 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.