Trexquant Investment LP reduced its holdings in shares of Fossil Group, Inc. (NASDAQ:FOSL) by 61.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,987 shares of the accessories brand company’s stock after selling 57,776 shares during the period. Trexquant Investment LP owned 0.08% of Fossil Group worth $345,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC raised its holdings in Fossil Group by 9.8% in the first quarter. Geode Capital Management LLC now owns 344,598 shares of the accessories brand company’s stock worth $6,012,000 after buying an additional 30,723 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Fossil Group by 17.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 256,593 shares of the accessories brand company’s stock worth $4,478,000 after acquiring an additional 38,160 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of Fossil Group by 71.8% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 14,600 shares of the accessories brand company’s stock worth $255,000 after acquiring an additional 6,100 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Fossil Group by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the accessories brand company’s stock worth $178,000 after acquiring an additional 100 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Fossil Group by 144.5% in the second quarter. Russell Investments Group Ltd. now owns 41,251 shares of the accessories brand company’s stock worth $427,000 after acquiring an additional 24,380 shares during the period. 92.72% of the stock is owned by institutional investors.
Fossil Group, Inc. (NASDAQ FOSL) opened at $6.80 on Thursday. 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, Inc. has a 1 year low of $5.50 and a 1 year high of $32.30. The firm has a market cap of $313.98, a price-to-earnings ratio of 7.89 and a beta of 0.74.
Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings data on Tuesday, November 7th. The accessories brand company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.32. Fossil Group had a negative net margin of 12.33% and a positive return on equity of 4.75%. The business had revenue of $689.00 million for the quarter, compared to analysts’ expectations of $649.87 million. During the same quarter in the previous year, the business posted $0.36 earnings per share. The business’s revenue was down 6.6% compared to the same quarter last year. equities research analysts expect that Fossil Group, Inc. will post -0.22 EPS for the current fiscal year.
In other Fossil Group news, EVP Martin Frey bought 7,500 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were bought at an average cost of $7.41 per share, for a total transaction of $55,575.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Gregory A. Mckelvey bought 110,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were acquired at an average price of $6.22 per share, for a total transaction of $684,200.00. The disclosure for this purchase can be found here. Corporate insiders own 12.80% of the company’s stock.
A number of analysts have recently commented on FOSL shares. Zacks Investment Research upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Piper Jaffray Companies set a $10.00 price target on shares of Fossil Group and gave the stock a “hold” rating in a research note on Thursday, October 12th. ValuEngine lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Buckingham Research reduced their price target on shares of Fossil Group from $9.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, November 8th. Finally, 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. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $13.54.
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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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