Quantamental Technologies LLC Acquires 6,427 Shares of Fossil Group Inc (NASDAQ:FOSL)
Quantamental Technologies LLC raised its holdings in Fossil Group Inc (NASDAQ:FOSL) by 458.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,828 shares of the accessories brand company’s stock after buying an additional 6,427 shares during the quarter. Quantamental Technologies LLC’s holdings in Fossil Group were worth $90,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Comerica Bank boosted its holdings in Fossil Group by 2.6% in the first quarter. Comerica Bank now owns 47,238 shares of the accessories brand company’s stock worth $632,000 after acquiring an additional 1,213 shares in the last quarter. Texas Permanent School Fund raised its position in Fossil Group by 4.1% in the first quarter. Texas Permanent School Fund now owns 30,988 shares of the accessories brand company’s stock worth $425,000 after acquiring an additional 1,214 shares during the period. Marshall Wace North America L.P. bought a new position in shares of Fossil Group during the 1st quarter valued at approximately $26,000. Swiss National Bank grew its position in shares of Fossil Group by 2.5% during the 2nd quarter. Swiss National Bank now owns 83,141 shares of the accessories brand company’s stock valued at $956,000 after acquiring an additional 2,000 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in shares of Fossil Group by 10.1% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 30,817 shares of the accessories brand company’s stock worth $354,000 after purchasing an additional 2,838 shares during the period.
NASDAQ:FOSL traded down $0.25 during mid-day trading on Wednesday, hitting $13.55. 28,049 shares of the stock traded hands, compared to its average volume of 1,498,534. The business’s 50-day moving average price is $11.05 and its 200 day moving average price is $12.31. The company has a market cap of $693.99 million, a PE ratio of 17.56 and a beta of 0.45. Fossil Group Inc has a 12-month low of $9.00 and a 12-month high of $25.52. The company has a quick ratio of 1.05, a current ratio of 1.92 and a debt-to-equity ratio of 0.87.
In other news, insider Darren E. Hart purchased 20,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was bought at an average cost of $10.03 per share, for a total transaction of $200,600.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory A. Mckelvey acquired 33,600 shares of the stock in a transaction dated Friday, August 23rd. The shares were purchased at an average cost of $10.22 per share, with a total value of $343,392.00. Following the completion of the purchase, the executive vice president now owns 432,093 shares of the company’s stock, valued at approximately $4,415,990.46. The disclosure for this purchase can be found here. In the last three months, insiders acquired 153,600 shares of company stock valued at $1,529,992. Corporate insiders own 8.00% of the company’s stock.
Several equities analysts recently commented on FOSL shares. ValuEngine downgraded Fossil Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 13th. Telsey Advisory Group reissued a “market perform” rating and issued a $12.00 target price (down from $15.00) on shares of Fossil Group in a research report on Monday, August 5th. Finally, BidaskClub raised Fossil Group from a “buy” rating to a “strong-buy” rating in a report on Saturday. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.00.
Fossil Group Profile
Fossil Group, Inc designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. Its principal products include men's and women's fashion watches and jewelry, smartwatches, handbags, small leather goods, belts, and sunglasses.
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