Public Sector Pension investment Board lowered its position in Fossil Group, Inc. (NASDAQ:FOSL) by 28.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,600 shares of the accessories brand company’s stock after selling 8,800 shares during the period. Public Sector Pension investment Board’s holdings in Fossil Group were worth $224,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of FOSL. Acadian Asset Management LLC bought a new position in shares of Fossil Group during the 2nd quarter valued at about $113,000. GSA Capital Partners LLP bought a new position in shares of Fossil Group during the 2nd quarter valued at about $120,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Fossil Group during the 2nd quarter valued at about $122,000. Louisiana State Employees Retirement System boosted its holdings in shares of Fossil Group by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the accessories brand company’s stock valued at $178,000 after purchasing an additional 100 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC bought a new position in shares of Fossil Group during the 2nd quarter valued at about $204,000.
In other news, Director James M. Zimmerman bought 36,000 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were bought at an average cost of $8.30 per share, for a total transaction of $298,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gregory A. Mckelvey bought 5,712 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was purchased at an average price of $8.73 per share, for a total transaction of $49,865.76. The disclosure for this purchase can be found here. Insiders acquired a total of 114,945 shares of company stock worth $923,917 over the last quarter. 12.80% of the stock is currently owned by company insiders.
Shares of Fossil Group, Inc. (NASDAQ:FOSL) opened at 8.51 on Friday. The company has a 50-day moving average of $8.74 and a 200-day moving average of $11.38. Fossil Group, Inc. has a 52-week low of $6.80 and a 52-week high of $36.87. The stock’s market capitalization is $412.91 million.
Fossil Group (NASDAQ:FOSL) last posted its earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.05. The company had revenue of $596.80 million for the quarter, compared to analyst estimates of $617.89 million. Fossil Group had a negative net margin of 11.33% and a positive return on equity of 6.34%. Fossil Group’s revenue was down 12.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS. Equities research analysts anticipate that Fossil Group, Inc. will post ($0.11) EPS for the current year.
Several research firms have commented on FOSL. Zacks Investment Research raised shares of Fossil Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 17th. Telsey Advisory Group dropped their price objective on shares of Fossil Group from $13.00 to $11.00 and set a “market perform” rating for the company in a report on Wednesday, August 9th. Wells Fargo & Company reissued an “underperform” rating and set a $8.00 price objective on shares of Fossil Group in a report on Thursday, August 3rd. Piper Jaffray Companies reissued a “hold” rating and set a $15.00 price objective on shares of Fossil Group in a report on Friday, July 14th. Finally, Buckingham Research dropped their price objective on shares of Fossil Group from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Fossil Group has a consensus rating of “Hold” and a consensus price target of $15.90.
Fossil Group 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.