Nisa Investment Advisors LLC cut its stake in Fossil Group Inc. (NASDAQ:FOSL) by 34.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,200 shares of the company’s stock after selling 6,500 shares during the period. Nisa Investment Advisors LLC’s holdings in Fossil Group were worth $348,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invictus RG boosted its stake in shares of Fossil Group by 113.5% in the first quarter. Invictus RG now owns 2,690 shares of the company’s stock valued at $119,000 after buying an additional 1,430 shares during the last quarter. Bancorpsouth Inc. purchased a new stake in shares of Fossil Group during the first quarter valued at about $207,000. Boothbay Fund Management LLC purchased a new stake in shares of Fossil Group during the first quarter valued at about $235,000. Mariner Wealth Advisors LLC purchased a new stake in shares of Fossil Group during the first quarter valued at about $255,000. Finally, Algert Global LLC purchased a new stake in shares of Fossil Group during the first quarter valued at about $371,000. Institutional investors and hedge funds own 95.52% of the company’s stock.
Shares of Fossil Group Inc. (NASDAQ:FOSL) traded up 0.70% during trading on Friday, reaching $30.35. The company’s stock had a trading volume of 870,672 shares. The company’s 50-day moving average is $29.49 and its 200-day moving average is $33.50. The company has a market capitalization of $1.46 billion, a P/E ratio of 10.50 and a beta of 1.89. Fossil Group Inc. has a 12 month low of $26.03 and a 12 month high of $58.18.
Fossil Group (NASDAQ:FOSL) last released its earnings results on Tuesday, August 9th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Fossil Group had a return on equity of 16.91% and a net margin of 4.49%. The business had revenue of $685 million for the quarter, compared to the consensus estimate of $670.97 million. During the same period last year, the business earned $1.12 earnings per share. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, analysts forecast that Fossil Group Inc. will post $1.87 EPS for the current fiscal year.
Several analysts have issued reports on the company. Piper Jaffray Cos. set a $25.00 price objective on Fossil Group and gave the company a “sell” rating in a research note on Tuesday. Jefferies Group restated a “hold” rating on shares of Fossil Group in a research note on Monday, September 12th. Zacks Investment Research upgraded Fossil Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 6th. Nomura cut their price objective on Fossil Group from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 10th. Finally, Cowen and Company restated a “market perform” rating and set a $30.00 price objective on shares of Fossil Group in a research note on Wednesday, August 10th. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price 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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