Fossil (FOSL) is Downgraded by Jefferies to Hold

Fossil (FOSL) is Downgraded by Jefferies to Hold , according to the research report released to the investors. Earlier the firm had a rating of Buy on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

Fossil Group, Inc. has dropped 32.68% during the last 3-month period . Year-to-Date the stock performance stands at -66.99%.

Fossil Group, Inc. (NASDAQ:FOSL) has lost 2.61% during the past week and dropped 5.11% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1.8%. Fossil Group, Inc. (NASDAQ:FOSL) has underperformed the index by 2.9% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of Fossil Group, Inc. (NASDAQ:FOSL) ended Thursday session in red amid volatile trading. The shares closed down 0.57 points or 1.54% at $36.56 with 1,073,937 shares getting traded. Post opening the session at $37.15, the shares hit an intraday low of $36.5 and an intraday high of $37.64 and the price vacillated in this range throughout the day. The company has a market cap of $1,759 million and the number of outstanding shares have been calculated to be 48,118,839 shares. The 52-week high of Fossil Group, Inc. (NASDAQ:FOSL) is $112.74 and the 52-week low is $30.65.

Currently the company Insiders own 13.6% of Fossil Group, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -37.49% . Institutional Investors own 98.26% of Fossil Group, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -37.49%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Ragusa Elysia Holt, director of Fossil Group, Inc., unloaded 2,718 shares at an average price of $37.07 on December 8, 2015. The total amount of the transaction was worth $100,756, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Fossil Group, Inc., formerly Fossil, Inc., a global designer, marketer and distributer company that specializes in consumer fashion accessories. The Companys offerings include a line of mens and womens fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories and clothing. Its products are distributed globally through various distribution channels, including wholesale in countries where it has a physical presence, direct to the consumer through its retail stores and commercial websites and through third-party distributors in countries where the Company do not maintain a physical presence. It operates in four different segments: the North America Wholesale segment, the Europe Wholesale segment, Asia Pacific Wholesale segment and the Direct to Consumer segment. On December 31, 2012, the Company purchased substantially all of the assets of Bentrani Watches, LLC (Bentrani).