Two Sigma Advisers LP Raises Stake in Fossil Group Inc (FOSL)

Two Sigma Advisers LP grew its holdings in Fossil Group Inc (NASDAQ:FOSL) by 123.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 617,275 shares of the accessories brand company’s stock after acquiring an additional 340,763 shares during the period. Two Sigma Advisers LP owned about 1.27% of Fossil Group worth $4,796,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of Fossil Group by 5.2% in the 4th quarter. BlackRock Inc. now owns 5,826,453 shares of the accessories brand company’s stock valued at $45,271,000 after acquiring an additional 288,928 shares during the period. California Public Employees Retirement System raised its stake in shares of Fossil Group by 44.8% in the 4th quarter. California Public Employees Retirement System now owns 601,233 shares of the accessories brand company’s stock valued at $4,672,000 after acquiring an additional 186,114 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in shares of Fossil Group by 177.5% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 548,529 shares of the accessories brand company’s stock valued at $5,118,000 after acquiring an additional 350,865 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Fossil Group by 38.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 538,545 shares of the accessories brand company’s stock valued at $4,185,000 after acquiring an additional 150,380 shares during the period. Finally, Alambic Investment Management L.P. raised its stake in shares of Fossil Group by 43.9% in the 4th quarter. Alambic Investment Management L.P. now owns 514,210 shares of the accessories brand company’s stock valued at $3,995,000 after acquiring an additional 156,910 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

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A number of brokerages have recently commented on FOSL. ValuEngine downgraded shares of Fossil Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Telsey Advisory Group lifted their price target on shares of Fossil Group from $7.00 to $15.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. BidaskClub raised shares of Fossil Group from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Buckingham Research lifted their price target on shares of Fossil Group from $5.00 to $8.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 14th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $25.00 price target (up previously from $15.00) on shares of Fossil Group in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $12.46.

Fossil Group stock opened at $12.70 on Friday. Fossil Group Inc has a 12-month low of $5.50 and a 12-month high of $18.44. The firm has a market cap of $617.80, a P/E ratio of 254.00 and a beta of -0.12. The company has a current ratio of 2.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.76.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings data on Tuesday, February 13th. The accessories brand company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.24. The company had revenue of $920.80 million during the quarter, compared to analyst estimates of $890.47 million. Fossil Group had a negative net margin of 17.15% and a positive return on equity of 0.65%. During the same period last year, the business earned $1.03 EPS. equities analysts expect that Fossil Group Inc will post -0.18 EPS for the current fiscal year.

In other Fossil Group news, CEO Kosta N. Kartsotis sold 15,421 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $13.99, for a total transaction of $215,739.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 679,972 shares of company stock valued at $9,041,909. 12.80% of the stock is owned by company insiders.

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About Fossil Group

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

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