Fmr LLC lessened its position in Fossil Group Inc (NASDAQ:FOSL) by 0.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,377,381 shares of the accessories brand company’s stock after selling 8,389 shares during the period. Fmr LLC owned about 14.94% of Fossil Group worth $171,746,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in FOSL. Rhumbline Advisers lifted its stake in shares of Fossil Group by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 111,944 shares of the accessories brand company’s stock worth $3,008,000 after buying an additional 2,584 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Fossil Group by 0.6% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 534,805 shares of the accessories brand company’s stock worth $14,370,000 after buying an additional 3,318 shares during the last quarter. Synovus Financial Corp lifted its stake in shares of Fossil Group by 17.9% during the 3rd quarter. Synovus Financial Corp now owns 43,050 shares of the accessories brand company’s stock worth $1,004,000 after buying an additional 6,550 shares during the last quarter. Palo Capital Inc. acquired a new stake in shares of Fossil Group during the 3rd quarter worth about $156,000. Finally, United Services Automobile Association acquired a new stake in shares of Fossil Group during the 2nd quarter worth about $220,000.
In other Fossil Group news, Director James E. Skinner sold 6,000 shares of Fossil Group stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $21.31, for a total value of $127,860.00. Following the completion of the sale, the director now owns 42,943 shares in the company, valued at approximately $915,115.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John A. White sold 18,800 shares of Fossil Group stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $20.75, for a total transaction of $390,100.00. The disclosure for this sale can be found here. Insiders sold a total of 41,103 shares of company stock valued at $829,347 in the last quarter. Corporate insiders own 8.20% of the company’s stock.
Shares of Fossil Group stock opened at $17.58 on Friday. Fossil Group Inc has a twelve month low of $6.26 and a twelve month high of $32.17. The company has a quick ratio of 1.10, a current ratio of 2.01 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $983.67 million, a price-to-earnings ratio of 351.60 and a beta of -0.13.
Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings data on Wednesday, November 7th. The accessories brand company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.29. Fossil Group had a negative net margin of 4.90% and a positive return on equity of 0.15%. The business had revenue of $609.00 million during the quarter, compared to analysts’ expectations of $616.30 million. During the same quarter in the previous year, the company earned $0.03 EPS. The business’s revenue was down 11.6% on a year-over-year basis. As a group, equities research analysts expect that Fossil Group Inc will post 1.03 EPS for the current fiscal year.
FOSL has been the subject of a number of research reports. BidaskClub upgraded shares of Fossil Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 16th. ValuEngine cut shares of Fossil Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 8th. Finally, Zacks Investment Research upgraded shares of Fossil Group from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $22.50.
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Fossil Group Profile
Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company's principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, and sunglasses. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ARMANI EXCHANGE, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.
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