InvestingPro’s Fair Value model captures 63% gain in Steelcase ahead of acquisition
Joe T. Martin, Chief Commercial Officer of Fossil Group, Inc. (NASDAQ:FOSL), acquired 56,180 shares of the company’s common stock on November 18, 2025, according to a Form 4 filing with the Securities and Exchange Commission.
The filing reveals that Martin purchased the shares at a price of $1.78, for a total transaction value of approximately $100,000. Following the transaction, Martin directly owns 185,761 shares of Fossil Group, Inc., which includes 129,581 Restricted Stock Units subject to a vesting schedule.
In other recent news, Fossil Group reported mixed third-quarter results, with revenue surpassing expectations but earnings falling short. The company achieved revenue of $270.2 million, exceeding the consensus estimate of $233.32 million. However, it posted an adjusted loss per share of -$0.63, which was significantly below the analyst forecast of -$0.25. This represents a 6.1% decline in revenue compared to the same quarter the previous year. In another development, S&P Global Ratings upgraded Fossil Group to ’CCC+’ from ’SD’ following a debt restructuring. The restructuring involved exchanging $150 million in senior unsecured notes due in 2026 for new secured notes due in 2029. This move included $32.5 million in new funds, extending the company’s earliest debt maturity to January 2029. Despite the upgrade, S&P maintained a negative outlook for Fossil Group.
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