Fossil Group Inc. (NASDAQ:FOSL) closed Wednesday at $3.15 per share, down from $3.27 a day earlier. While Fossil Group Inc. has underperformed by -3.67%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FOSL fell by -67.79%, with highs and lows ranging from $11.20 to $2.96, whereas the simple moving average fell by -32.17% in the last 200 days.
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On February 27, 2020, Telsey Advisory Group Reiterated Fossil Group Inc. (NASDAQ: FOSL) to Market Perform. A report published by KeyBanc Capital Markets on November 07, 2019, Downgraded its rating to ‘Sector Weight’ for FOSL. Telsey Advisory Group also reiterated FOSL shares as ‘Market Perform’, quoting a target price of $12 on the company’s shares in a report dated August 05, 2019. Telsey Advisory Group Reiterated the rating as Market Perform on February 14, 2019, but set its price target from $17 to $15. Telsey Advisory Group resumed its ‘Market Perform’ rating for FOSL, as published in its report on February 08, 2019. Telsey Advisory Group’s report from August 03, 2018 suggests a price prediction of $27 for FOSL shares, giving the stock a ‘Market Perform’ rating. Telsey Advisory Group also rated the stock as ‘Market Perform’.
Analysis of Fossil Group Inc. (FOSL)
Further, the quarter-over-quarter decrease in sales is -17.40%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Fossil Group Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -10.90% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.30, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and FOSL is recording an average volume of 454.00K. On a monthly basis, the volatility of the stock is set at 6.01%, whereas on a weekly basis, it is put at 4.75%, with a loss of -0.94% over the past seven days.
How Do You Analyze Fossil Group Inc. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 72.90% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in FOSL shares?
The recent increase in stakes in FOSL appears to be a result of several institutional investors and hedge funds increasing their positions. Fidelity Management & Research Co’s position in FOSL has decreased by -13.14% in the first quarter. The company now owns 4,450,403 shares of the stock, with a value of $19.27 million, following the sale of -673,356 additional shares during the last quarter. BlackRock Fund Advisors made another decreased to its shares in FOSL during the first quarter, downing its stake by -60.52%. During the last quarter, the company picked up -4,384,501 additional shares for a total stake of worth $12.38 million, bringing number of shares owned by the company to 2,860,151.
During the first quarter, LLB Fund Services AG added a 883,433 position in FOSL. BWM AG purchased an additional 0.7 million shares in the last quarter, increasing its holdings by 33.32%, now holding 2.79 million shares worth $12.09 million. At the end of the first quarter, The Vanguard Group, Inc. decreased its FOSL holdings by -11.78% and now holds 2.56 million FOSL shares valued at $11.1 million with the lessened -0.34 million shares during the period. FOSL shares are owned by institutional investors to the tune of 72.90% at present.
