Sather Financial Group Inc decreased its position in Fossil Group Inc (NASDAQ:FOSL) by 57.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,698 shares of the accessories brand company’s stock after selling 28,102 shares during the period. Sather Financial Group Inc’s holdings in Fossil Group were worth $161,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Systematic Financial Management LP purchased a new position in Fossil Group in the 3rd quarter worth about $1,449,000. Commerzbank Aktiengesellschaft FI increased its position in shares of Fossil Group by 177.5% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 548,529 shares of the accessories brand company’s stock valued at $5,118,000 after purchasing an additional 350,865 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Fossil Group during the 3rd quarter valued at about $304,000. Schwab Charles Investment Management Inc. increased its position in shares of Fossil Group by 31.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 388,165 shares of the accessories brand company’s stock valued at $3,622,000 after purchasing an additional 93,027 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of Fossil Group by 68.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 24,750 shares of the accessories brand company’s stock valued at $192,000 after purchasing an additional 10,080 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.
Fossil Group stock traded up $0.05 during mid-day trading on Thursday, reaching $12.55. The company’s stock had a trading volume of 1,828,638 shares, compared to its average volume of 3,408,797. The stock has a market capitalization of $592.50, a price-to-earnings ratio of -1.27 and a beta of -0.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.41 and a current ratio of 2.54. Fossil Group Inc has a twelve month low of $5.50 and a twelve month high of $18.44.
Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings results on Tuesday, February 13th. The accessories brand company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.40 by $0.24. Fossil Group had a positive return on equity of 0.65% and a negative net margin of 17.15%. The firm had revenue of $920.80 million for the quarter, compared to analyst estimates of $890.47 million. During the same quarter last year, the firm posted $1.03 earnings per share. equities research analysts forecast that Fossil Group Inc will post -0.18 earnings per share for the current fiscal year.
In related news, CEO Kosta N. Kartsotis sold 15,421 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $13.99, for a total transaction of $215,739.79. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 679,972 shares of company stock worth $9,041,909. 12.80% of the stock is owned by corporate insiders.
Several equities research analysts recently issued reports on FOSL shares. BidaskClub raised shares of Fossil Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research raised shares of Fossil Group from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Tuesday, January 16th. ValuEngine upgraded Fossil Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Telsey Advisory Group upped their price target on Fossil Group from $7.00 to $15.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. Finally, KeyCorp restated an “overweight” rating and issued a $25.00 price target (up from $15.00) on shares of Fossil Group in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $12.46.
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Fossil Group Company 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.
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