Verition Fund Management LLC Acquires New Stake in Fossil Group, Inc. (FOSL)

Verition Fund Management LLC acquired a new position in shares of Fossil Group, Inc. (NASDAQ:FOSL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 63,688 shares of the accessories brand company’s stock, valued at approximately $659,000. Verition Fund Management LLC owned 0.13% of Fossil Group at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FOSL. Wells Fargo & Company MN boosted its position in shares of Fossil Group by 1.9% during the first quarter. Wells Fargo & Company MN now owns 31,572 shares of the accessories brand company’s stock worth $551,000 after buying an additional 586 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Fossil Group by 10.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 28,132 shares of the accessories brand company’s stock worth $491,000 after buying an additional 2,615 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Fossil Group by 7.3% during the first quarter. Bank of New York Mellon Corp now owns 561,584 shares of the accessories brand company’s stock worth $9,798,000 after buying an additional 38,082 shares during the period. Comerica Bank boosted its position in shares of Fossil Group by 50.5% during the first quarter. Comerica Bank now owns 47,498 shares of the accessories brand company’s stock worth $838,000 after buying an additional 15,945 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Fossil Group by 37.7% during the first quarter. UBS Asset Management Americas Inc. now owns 28,194 shares of the accessories brand company’s stock worth $492,000 after buying an additional 7,725 shares during the period.

FOSL has been the subject of several recent research reports. Piper Jaffray Companies reaffirmed a “hold” rating and set a $15.00 price objective on shares of Fossil Group in a research report on Friday, July 14th. ValuEngine cut Fossil Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub raised Fossil Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised Fossil Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, Telsey Advisory Group reduced their price objective on Fossil Group from $13.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.90.

Fossil Group, Inc. (FOSL) traded up 1.081% during mid-day trading on Tuesday, reaching $8.885. The company’s stock had a trading volume of 242,132 shares. The firm has a 50 day moving average price of $8.74 and a 200 day moving average price of $11.34. Fossil Group, Inc. has a 52-week low of $6.80 and a 52-week high of $36.87. The company’s market cap is $431.11 million.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.05. The business had revenue of $596.80 million during the quarter, compared to the consensus estimate of $617.89 million. Fossil Group had a positive return on equity of 6.34% and a negative net margin of 11.33%. The company’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 EPS. Equities research analysts anticipate that Fossil Group, Inc. will post ($0.11) earnings per share for the current year.

WARNING: “Verition Fund Management LLC Acquires New Stake in Fossil Group, Inc. (FOSL)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/17/verition-fund-management-llc-acquires-new-stake-in-fossil-group-inc-fosl.html.

In other Fossil Group news, Director James M. Zimmerman bought 36,000 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were purchased at an average price 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 can be accessed through this hyperlink. Also, insider Darren E. Hart bought 14,347 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average price of $6.99 per share, for a total transa

Several other hedge funds have also recently bought and sold shares of FOSL. Wells Fargo & Company MN boosted its position in shares of Fossil Group by 1.9% during the first quarter. Wells Fargo & Company MN now owns 31,572 shares of the accessories brand company’s stock worth $551,000 after buying an additional 586 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Fossil Group by 10.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 28,132 shares of the accessories brand company’s stock worth $491,000 after buying an additional 2,615 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Fossil Group by 7.3% during the first quarter. Bank of New York Mellon Corp now owns 561,584 shares of the accessories brand company’s stock worth $9,798,000 after buying an additional 38,082 shares during the period. Comerica Bank boosted its position in shares of Fossil Group by 50.5% during the first quarter. Comerica Bank now owns 47,498 shares of the accessories brand company’s stock worth $838,000 after buying an additional 15,945 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Fossil Group by 37.7% during the first quarter. UBS Asset Management Americas Inc. now owns 28,194 shares of the accessories brand company’s stock worth $492,000 after buying an additional 7,725 shares during the period.

FOSL has been the subject of several recent research reports. Piper Jaffray Companies reaffirmed a “hold” rating and set a $15.00 price objective on shares of Fossil Group in a research report on Friday, July 14th. ValuEngine cut Fossil Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub raised Fossil Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised Fossil Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, Telsey Advisory Group reduced their price objective on Fossil Group from $13.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.90.

Fossil Group, Inc. (FOSL) traded up 1.081% during mid-day trading on Tuesday, reaching $8.885. The company’s stock had a trading volume of 242,132 shares. The firm has a 50 day moving average price of $8.74 and a 200 day moving average price of $11.34. Fossil Group, Inc. has a 52-week low of $6.80 and a 52-week high of $36.87. The company’s market cap is $431.11 million.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.05. The business had revenue of $596.80 million during the quarter, compared to the consensus estimate of $617.89 million. Fossil Group had a positive return on equity of 6.34% and a negative net margin of 11.33%. The company’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 EPS. Equities research analysts anticipate that Fossil Group, Inc. will post ($0.11) earnings per share for the current year.

WARNING: “Verition Fund Management LLC Acquires New Stake in Fossil Group, Inc. (FOSL)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/17/verition-fund-management-llc-acquires-new-stake-in-fossil-group-inc-fosl.html.

In other Fossil Group news, Director James M. Zimmerman bought 36,000 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were purchased at an average price 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 can be accessed through this hyperlink. Also, insider Darren E. Hart bought 14,347 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average price of $6.99 per share, for a total transaction of $100,285.53. The disclosure for this purchase can be found here. Insiders bought a total of 114,945 shares of company stock worth $923,917 in the last 90 days. Company insiders own 12.80% 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 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.

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Institutional Ownership by Quarter for Fossil Group (NASDAQ:FOSL)

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