258,065 Shares in Fossil Group, Inc. $FOSL Bought by 683 Capital Management LLC

683 Capital Management LLC acquired a new position in shares of Fossil Group, Inc. (NASDAQ:FOSL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 258,065 shares of the accessories brand company’s stock, valued at approximately $970,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Nantahala Capital Management LLC raised its holdings in shares of Fossil Group by 21.5% during the second quarter. Nantahala Capital Management LLC now owns 5,087,803 shares of the accessories brand company’s stock worth $7,530,000 after acquiring an additional 898,626 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Fossil Group by 0.5% during the second quarter. Ameriprise Financial Inc. now owns 2,461,746 shares of the accessories brand company’s stock worth $3,643,000 after acquiring an additional 13,091 shares during the period. Vanguard Group Inc. raised its holdings in shares of Fossil Group by 4.9% during the third quarter. Vanguard Group Inc. now owns 2,325,204 shares of the accessories brand company’s stock worth $5,976,000 after acquiring an additional 109,316 shares during the period. Two Sigma Investments LP raised its holdings in shares of Fossil Group by 36.0% during the third quarter. Two Sigma Investments LP now owns 948,114 shares of the accessories brand company’s stock worth $2,437,000 after acquiring an additional 251,214 shares during the period. Finally, Prescott Group Capital Management L.L.C. raised its holdings in shares of Fossil Group by 1,220.7% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 875,026 shares of the accessories brand company’s stock worth $3,290,000 after acquiring an additional 808,770 shares during the period. 61.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FOSL. Northland Securities assumed coverage on shares of Fossil Group in a report on Thursday, February 19th. They set an “outperform” rating and a $7.00 price objective on the stock. Wall Street Zen upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research upgraded shares of Fossil Group to a “hold” rating in a research note on Friday, February 20th. Maxim Group lifted their price target on shares of Fossil Group from $5.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fossil Group in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.00.

Fossil Group Stock Down 5.2%

Fossil Group stock opened at $4.18 on Thursday. The firm has a market capitalization of $247.04 million, a PE ratio of -3.67 and a beta of 1.62. The company’s 50-day moving average is $4.52 and its 200-day moving average is $4.16. Fossil Group, Inc. has a fifty-two week low of $1.27 and a fifty-two week high of $5.74. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.72 and a quick ratio of 1.10.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings data on Wednesday, May 13th. The accessories brand company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.25. The company had revenue of $224.76 million for the quarter, compared to analyst estimates of $204.74 million. Fossil Group had a negative net margin of 6.19% and a negative return on equity of 48.51%. Sell-side analysts anticipate that Fossil Group, Inc. will post -0.15 earnings per share for the current year.

Insider Buying and Selling at Fossil Group

In other news, Director Wendy Lee Schoppert acquired 24,331 shares of the stock in a transaction dated Monday, May 18th. The shares were bought at an average cost of $4.14 per share, for a total transaction of $100,730.34. Following the purchase, the director directly owned 120,625 shares of the company’s stock, valued at approximately $499,387.50. This trade represents a 25.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is owned by corporate insiders.

Fossil Group Profile

Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.

The group’s wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.