19,503 Shares in Fossil Group, Inc. (FOSL) Acquired by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC bought a new stake in Fossil Group, Inc. (NASDAQ:FOSL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,503 shares of the accessories brand company’s stock, valued at approximately $182,000.

Other hedge funds have also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in Fossil Group during the second quarter valued at about $113,000. GSA Capital Partners LLP bought a new position in Fossil Group during the second quarter valued at about $120,000. BlueCrest Capital Management Ltd bought a new position in Fossil Group during the second quarter valued at about $130,000. Crossmark Global Holdings Inc. bought a new position in Fossil Group during the third quarter valued at about $137,000. Finally, Louisiana State Employees Retirement System grew its position in Fossil Group by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the accessories brand company’s stock valued at $178,000 after buying an additional 100 shares during the period. Institutional investors own 92.54% of the company’s stock.

Fossil Group, Inc. (FOSL) opened at $6.69 on Friday. The company has a market cap of $324.65, a P/E ratio of 8.63 and a beta of 0.77. Fossil Group, Inc. has a one year low of $5.50 and a one year high of $35.04. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.09 and a current ratio of 2.32.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Tuesday, November 7th. The accessories brand company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.28) by $0.32. The firm had revenue of $689.00 million for the quarter, compared to the consensus estimate of $649.87 million. Fossil Group had a negative net margin of 12.33% and a positive return on equity of 4.75%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. sell-side analysts predict that Fossil Group, Inc. will post -0.22 EPS for the current fiscal year.

In other news, EVP Gregory A. Mckelvey bought 110,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were purchased at an average price of $6.22 per share, for a total transaction of $684,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Martin Frey bought 7,500 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was purchased at an average price of $7.41 per share, for a total transaction of $55,575.00. The disclosure for this purchase can be found here. 12.80% of the stock is currently owned by company insiders.

A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Fossil Group from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. ValuEngine lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Bank of America cut their target price on shares of Fossil Group from $7.00 to $4.00 and set an “underperform” rating for the company in a research report on Wednesday, November 8th. Buckingham Research cut their target price on shares of Fossil Group from $9.00 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, November 8th. Finally, Piper Jaffray Companies set a $10.00 target price on shares of Fossil Group and gave the stock a “hold” rating in a research report on Thursday, October 12th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. Fossil Group currently has a consensus rating of “Hold” and an average price target of $13.54.

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Fossil Group Profile

Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity.

Institutional Ownership by Quarter for Fossil Group (NASDAQ:FOSL)

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