Landscape Capital Management L.L.C. lessened its stake in Fossil Group (NASDAQ:FOSL) by 88.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,098 shares of the accessories brand company’s stock after selling 119,180 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Fossil Group were worth $117,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Systematic Financial Management LP acquired a new stake in shares of Fossil Group in the 3rd quarter valued at approximately $1,449,000. Commerzbank Aktiengesellschaft FI boosted its holdings 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 buying an additional 350,865 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Fossil Group in the 3rd quarter valued at approximately $304,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Fossil Group by 31.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 388,165 shares of the accessories brand company’s stock valued at $3,622,000 after buying an additional 93,027 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of Fossil Group by 68.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 24,750 shares of the accessories brand company’s stock valued at $192,000 after buying an additional 10,080 shares during the last quarter. 99.83% of the stock is owned by institutional investors.
FOSL traded down $0.38 during trading hours on Friday, reaching $14.16. The company’s stock had a trading volume of 1,708,856 shares, compared to its average volume of 3,190,984. Fossil Group has a 52 week low of $5.50 and a 52 week high of $18.44. The company has a current ratio of 2.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.76. The stock has a market cap of $678.60, a PE ratio of 283.20 and a beta of -0.08.
Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Tuesday, February 13th. The accessories brand company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.24. Fossil Group had a positive return on equity of 0.65% and a negative net margin of 17.15%. The business had revenue of $920.80 million for the quarter, compared to analysts’ expectations of $890.47 million. During the same quarter in the prior year, the business earned $1.03 EPS. equities analysts forecast that Fossil Group will post -0.18 earnings per share for the current year.
FOSL has been the subject of several recent analyst reports. BidaskClub downgraded Fossil Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded Fossil Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. ValuEngine downgraded Fossil Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Buckingham Research cut Fossil Group from a “neutral” rating to an “underperform” rating in a research note on Friday, January 5th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Fossil Group currently has an average rating of “Hold” and a consensus price target of $12.46.
In other Fossil Group news, Chairman Kosta N. Kartsotis sold 255,448 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $13.55, for a total transaction of $3,461,320.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 679,972 shares of company stock worth $9,041,909 in the last quarter. Company insiders own 12.80% of the company’s stock.
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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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