Fossil Group Inc (NASDAQ: FOSL) stock jumped 1.74% on Monday to $1.17 against a previous-day closing price of $1.15. With 0.75 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.41 million shares. During the session, the Luxury Goods company that operates in wider Consumer Cyclical sector, reached to the highest price of $1.2200 whereas the lowest price it dropped to was $1.1400. The 52-week range on FOSL shows that it touched its highest point at $6.08 and its lowest point at $1.10 during that stretch. It currently has a 1-year price target of $3.75. Beta for the stock currently stands at 2.04.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FOSL was up-trending over the past week, with a rise of 1.74%, but this was down by -33.52% over a month. Three-month performance dropped to -44.02% while six-month performance fell -44.02%. The stock lost -77.84% in the past year, while it has lost -72.85% so far this year. EPS is expected to grow by 14.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 38.74%.
Float and Shares Shorts:
At present, 51.84 million FOSL shares are outstanding with a float of 46.88 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.25 million, which was 4.29% higher than short shares on Sep 28, 2023. In addition to Mr. Kosta N. Kartsotis as the firm’s Chairman & CEO, Mr. Sunil M. Doshi serves as its Executive VP, CFO & Treasurer.
Institutional Ownership:
Through their ownership of 66.89% of FOSL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 33.13% of FOSL, in contrast to 32.85% held by mutual funds. Shares owned by individuals account for 13.60%. As the largest shareholder in FOSL with 5.77% of the stake, BlackRock Fund Advisors holds 3,025,487 shares worth 3,025,487. A second-largest stockholder of FOSL, LLB Fund Services AG, holds 2,805,194 shares, controlling over 5.35% of the firm’s shares. BWM AG is the third largest shareholder in FOSL, holding 2,801,555 shares or 5.34% stake. With a 4.38% stake in FOSL, the Classic Global Equity Fund is the largest stakeholder. A total of 2,295,187 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.80% of FOSL stock, is the second-largest Mutual Fund holder. It holds 1,471,211 shares valued at 2.3 million. Schwab Fundamental US Small Compa holds 2.68% of the stake in FOSL, owning 1,403,482 shares worth 2.19 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FOSL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FOSL analysts setting a high price target of $2.50 and a low target of $2.50, the average target price over the next 12 months is $2.50. Based on these targets, FOSL could surge 113.68% to reach the target high and rise by 113.68% to reach the target low. Reaching the average price target will result in a growth of 113.68% from current levels.
Summary of Insider Activity:
Insiders traded FOSL stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 14 while that of sell transactions has risen to 10 over the past year. The total number of shares bought during that period was 619,698 while 76,947 shares were sold.
