Investors Buy Large Volume of Call Options on Fossil Group (NASDAQ:FOSL)

Fossil Group, Inc. (NASDAQ:FOSL) saw unusually large options trading on Monday. Investors bought 3,405 call options on the company. This represents an increase of approximately 941% compared to the average daily volume of 327 call options.

Fossil Group Trading Up 45.2 %

NASDAQ FOSL traded up $0.66 during trading hours on Monday, hitting $2.12. The company’s stock had a trading volume of 1,773,467 shares, compared to its average volume of 544,775. Fossil Group has a twelve month low of $0.75 and a twelve month high of $2.16. The company has a quick ratio of 1.10, a current ratio of 1.81 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $112.80 million, a P/E ratio of -0.73 and a beta of 2.18. The stock has a fifty day moving average of $1.23 and a 200 day moving average of $1.24.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Fossil Group news, CEO Franco Fogliato acquired 111,175 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was bought at an average price of $1.37 per share, for a total transaction of $152,309.75. Following the purchase, the chief executive officer now owns 1,611,175 shares in the company, valued at $2,207,309.75. This represents a 7.41 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Fossil Group

Several institutional investors have recently modified their holdings of FOSL. Nantahala Capital Management LLC lifted its holdings in shares of Fossil Group by 45.8% in the second quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company’s stock valued at $2,696,000 after purchasing an additional 598,940 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Fossil Group in the 2nd quarter valued at approximately $131,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Fossil Group by 97.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 99,488 shares of the accessories brand company’s stock valued at $102,000 after purchasing an additional 49,100 shares during the last quarter. XTX Topco Ltd acquired a new position in Fossil Group during the third quarter worth $48,000. Finally, RBF Capital LLC increased its stake 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 during the last quarter. 61.14% of the stock is currently owned by institutional investors and hedge funds.

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.