The UBS Asset Management Americas Inc. Has $776,000 Position in Fossil Group Inc. (FOSL)

The UBS Asset Management Americas Inc. Has $776,000 Position in Fossil Group Inc. (FOSL)

UBS Asset Management Americas Inc. continued to hold its position in Fossil Group Inc. (NASDAQ:FOSL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,966 shares of the company’s stock at the end of the third quarter. UBS Asset Management Americas Inc. owned approximately 0.06% of Fossil Group worth $776,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of FOSL. LS Investment Advisors LLC increased its position in Fossil Group by 173.7% in the second quarter. LS Investment Advisors LLC now owns 4,117 shares of the company’s stock worth $117,000 after buying an additional 2,613 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in Fossil Group during the second quarter worth about $143,000. Teacher Retirement System of Texas increased its position in Fossil Group by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 6,064 shares of the company’s stock worth $173,000 after buying an additional 742 shares during the last quarter. Invictus RG increased its position in Fossil Group by 151.0% in the second quarter. Invictus RG now owns 6,753 shares of the company’s stock worth $193,000 after buying an additional 4,063 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in Fossil Group by 8.8% in the second quarter. GSA Capital Partners LLP now owns 7,800 shares of the company’s stock worth $223,000 after buying an additional 633 shares during the last quarter. 94.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of Fossil Group Inc. (NASDAQ:FOSL) traded down 2.77% on Thursday, reaching $24.56. The company had a trading volume of 692,837 shares. Fossil Group Inc. has a 52 week low of $23.10 and a 52 week high of $51.93. The company’s 50-day moving average price is $28.41 and its 200 day moving average price is $29.43. The firm has a market capitalization of $1.18 billion, a P/E ratio of 11.95 and a beta of 1.69.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.05. The business earned $738 million during the quarter, compared to analysts’ expectations of $739.12 million. Fossil Group had a return on equity of 12.56% and a net margin of 3.24%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.19 EPS. On average, analysts expect that Fossil Group Inc. will post $1.90 EPS for the current year.

A number of research firms have recently issued reports on FOSL. Piper Jaffray Cos. reissued a “sell” rating and set a $23.00 price target on shares of Fossil Group in a research report on Tuesday, November 8th. KeyCorp reissued an “overweight” rating and set a $42.00 price target on shares of Fossil Group in a research report on Wednesday, December 28th. Zacks Investment Research downgraded Fossil Group from a “buy” rating to a “hold” rating in a research report on Monday, November 7th. Cowen and Company reaffirmed a “market perform” rating and set a $25.00 price objective (down previously from $30.00) on shares of Fossil Group in a research report on Friday, November 4th. Finally, OTR Global raised Fossil Group to a “neutral” rating in a research report on Tuesday, November 1st. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $30.72.

In other news, insider Darren E. Hart sold 13,125 shares of the company’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $34.42, for a total transaction of $451,762.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elaine B. Agather sold 1,800 shares of the company’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $31.77, for a total value of $57,186.00. The disclosure for this sale can be found here. Corporate insiders own 13.80% of the company’s stock.

About Fossil Group

Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments are 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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