Alps Advisors Inc. bought a new position in Fossil Group Inc (NASDAQ:FOSL) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 41,681 shares of the accessories brand company’s stock, valued at approximately $656,000. Alps Advisors Inc. owned about 0.08% of Fossil Group at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of FOSL. FMR LLC lifted its position in Fossil Group by 1.2% during the 2nd quarter. FMR LLC now owns 7,385,770 shares of the accessories brand company’s stock worth $198,456,000 after acquiring an additional 89,000 shares in the last quarter. Bank of America Corp DE lifted its position in Fossil Group by 102.2% during the 2nd quarter. Bank of America Corp DE now owns 53,870 shares of the accessories brand company’s stock worth $1,447,000 after acquiring an additional 27,229 shares in the last quarter. Millennium Management LLC lifted its position in Fossil Group by 108.6% during the 2nd quarter. Millennium Management LLC now owns 65,509 shares of the accessories brand company’s stock worth $1,760,000 after acquiring an additional 34,104 shares in the last quarter. Northern Trust Corp lifted its position in Fossil Group by 4.3% during the 2nd quarter. Northern Trust Corp now owns 575,598 shares of the accessories brand company’s stock worth $15,467,000 after acquiring an additional 23,637 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in Fossil Group during the 2nd quarter worth approximately $220,000. Institutional investors own 89.08% of the company’s stock.
In other news, VP John A. White sold 18,800 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $20.75, for a total value of $390,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James E. Skinner sold 6,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $915,115.33. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by insiders.
Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Wednesday, February 13th. The accessories brand company reported $1.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.21 by ($0.20). Fossil Group had a negative net margin of 4.90% and a positive return on equity of 0.15%. The firm had revenue of $786.90 million during the quarter, compared to the consensus estimate of $805.17 million. During the same quarter last year, the firm posted $0.64 earnings per share. Fossil Group’s revenue was down 14.6% compared to the same quarter last year. On average, equities analysts forecast that Fossil Group Inc will post 1.03 EPS for the current fiscal year.
Several equities analysts recently commented on FOSL shares. BidaskClub raised Fossil Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 30th. ValuEngine upgraded Fossil Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 1st. Zacks Investment Research upgraded Fossil Group from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, November 13th. TheStreet downgraded Fossil Group from a “c-” rating to a “d+” rating in a report on Monday, December 10th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $17.00 price objective (down from $20.00) on shares of Fossil Group in a report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Fossil Group currently has an average rating of “Hold” and a consensus price target of $20.00.
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Fossil Group Company 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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