GSA Capital Partners LLP increased its position in Fossil Group Inc. (NASDAQ:FOSL) by 8.8% during the second quarter, Holdings Channel reports. The firm owned 7,800 shares of the company’s stock after buying an additional 633 shares during the period. GSA Capital Partners LLP’s holdings in Fossil Group were worth $223,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of FOSL. Texas Permanent School Fund boosted its position in Fossil Group by 126.7% in the first quarter. Texas Permanent School Fund now owns 33,094 shares of the company’s stock valued at $1,470,000 after buying an additional 18,498 shares during the period. Nisa Investment Advisors L.L.C. boosted its position in Fossil Group by 59.8% in the first quarter. Nisa Investment Advisors L.L.C. now owns 18,700 shares of the company’s stock valued at $831,000 after buying an additional 7,000 shares during the period. Teachers Advisors Inc. boosted its position in Fossil Group by 104.0% in the first quarter. Teachers Advisors Inc. now owns 77,190 shares of the company’s stock valued at $3,429,000 after buying an additional 39,356 shares during the period. Bancorpsouth Inc. acquired a new position in Fossil Group during the first quarter valued at $207,000. Finally, Algert Global LLC acquired a new position in Fossil Group during the first quarter valued at $371,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.
Shares of Fossil Group Inc. (NASDAQ:FOSL) traded up 0.69% during trading on Friday, reaching $27.77. The company’s stock had a trading volume of 754,814 shares. Fossil Group Inc. has a 12-month low of $26.03 and a 12-month high of $58.18. The stock’s 50-day moving average is $29.12 and its 200-day moving average is $32.74. The stock has a market cap of $1.34 billion, a P/E ratio of 9.61 and a beta of 1.89.
Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The company earned $685 million during the quarter, compared to analyst estimates of $670.97 million. Fossil Group had a return on equity of 16.91% and a net margin of 4.49%. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the company earned $1.12 earnings per share. Equities research analysts anticipate that Fossil Group Inc. will post $1.87 earnings per share for the current fiscal year.
FOSL has been the topic of a number of recent research reports. Piper Jaffray Cos. reaffirmed an “underweight” rating and set a $25.00 price target on shares of Fossil Group in a research report on Wednesday, June 22nd. Nomura decreased their target price on Fossil Group from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Wednesday, August 10th. Zacks Investment Research raised Fossil Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 6th. Cowen and Company reissued a “market perform” rating and set a $30.00 target price on shares of Fossil Group in a report on Wednesday, August 10th. Finally, Jefferies Group reissued a “hold” rating on shares of Fossil Group in a report on Monday, September 12th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $30.89.
Fossil Group Company Profile
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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