Fossil Group, Inc. (FOSL) Holdings Increased by Fmr LLC
Fmr LLC raised its position in shares of Fossil Group, Inc. (NASDAQ:FOSL) by 0.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 7,269,630 shares of the accessories brand company’s stock after purchasing an additional 32,068 shares during the quarter. Fmr LLC owned approximately 15.00% of Fossil Group worth $75,241,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Fossil Group by 19,301.2% during the 1st quarter. BlackRock Inc. now owns 5,209,210 shares of the accessories brand company’s stock valued at $90,900,000 after purchasing an additional 5,182,360 shares during the period. Vanguard Group Inc. increased its position in Fossil Group by 14.5% during the 1st quarter. Vanguard Group Inc. now owns 3,644,137 shares of the accessories brand company’s stock valued at $63,591,000 after purchasing an additional 462,851 shares during the period. JPMorgan Chase & Co. increased its position in Fossil Group by 3,915.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,514,634 shares of the accessories brand company’s stock valued at $26,027,000 after purchasing an additional 2,452,006 shares during the period. Dimensional Fund Advisors LP increased its position in Fossil Group by 86.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,746,955 shares of the accessories brand company’s stock valued at $30,484,000 after purchasing an additional 810,769 shares during the period. Finally, Pacifica Capital Investments LLC increased its position in Fossil Group by 95.6% during the 2nd quarter. Pacifica Capital Investments LLC now owns 1,220,167 shares of the accessories brand company’s stock valued at $12,629,000 after purchasing an additional 596,346 shares during the period.
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Fossil Group (NASDAQ:FOSL) last posted its earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.05. The firm had revenue of $596.80 million for the quarter, compared to analysts’ expectations of $617.89 million. Fossil Group had a positive return on equity of 6.34% and a negative net margin of 11.33%. The business’s revenue was down 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 earnings per share.
A number of analysts have weighed in on the stock. Bank of America Corporation set a $7.00 target price on shares of Fossil Group and gave the company a “sell” rating in a research report on Wednesday, August 9th. Telsey Advisory Group decreased their target price on shares of Fossil Group from $13.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday, August 9th. Buckingham Research decreased their target price on shares of Fossil Group from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 9th. ValuEngine downgraded shares of Fossil Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Wells Fargo & Company reissued an “underperform” rating and set a $8.00 target price on shares of Fossil Group in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. Fossil Group currently has an average rating of “Hold” and a consensus price target of $15.90.
In other news, Director James M. Zimmerman purchased 36,000 shares of Fossil Group stock in a transaction that occurred on Friday, August 25th. The shares were bought at an average cost of $8.30 per share, with a total value of $298,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Darren E. Hart purchased 14,347 shares of Fossil Group stock in a transaction that occurred on Tuesday, August 22nd. The stock was purchased at an average cost of $6.99 per share, for a total transaction of $100,285.53. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 114,945 shares of company stock worth $923,917. 12.80% of the stock is owned by insiders.
Fossil Group Company 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.
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