Fossil Group, Inc. (FOSL) Holdings Trimmed by Trexquant Investment LP

Trexquant Investment LP cut its holdings in shares of Fossil Group, Inc. (NASDAQ:FOSL) by 61.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,987 shares of the accessories brand company’s stock after selling 57,776 shares during the period. Trexquant Investment LP owned about 0.08% of Fossil Group worth $345,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FOSL. JPMorgan Chase & Co. lifted its stake in Fossil Group by 3,915.2% during the second quarter. JPMorgan Chase & Co. now owns 2,514,634 shares of the accessories brand company’s stock worth $26,027,000 after purchasing an additional 2,452,006 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Fossil Group by 6,109.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,273,027 shares of the accessories brand company’s stock worth $13,176,000 after purchasing an additional 1,252,527 shares during the last quarter. Southpoint Capital Advisors LP bought a new stake in Fossil Group during the second quarter worth $10,350,000. Contrarius Investment Management Ltd lifted its stake in Fossil Group by 511.8% during the third quarter. Contrarius Investment Management Ltd now owns 1,111,463 shares of the accessories brand company’s stock worth $10,370,000 after purchasing an additional 929,803 shares during the last quarter. Finally, Pacifica Capital Investments LLC lifted its stake in Fossil Group by 95.6% during the second quarter. Pacifica Capital Investments LLC now owns 1,220,167 shares of the accessories brand company’s stock worth $12,629,000 after purchasing an additional 596,346 shares during the last quarter. Hedge funds and other institutional investors own 92.72% of the company’s stock.

FOSL has been the subject of several research analyst reports. Piper Jaffray Companies set a $10.00 price target on shares of Fossil Group and gave the stock a “hold” rating in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Telsey Advisory Group lowered their price target 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. Jefferies Group reiterated a “hold” rating and set a $13.00 price target on shares of Fossil Group in a report on Wednesday, August 9th. Finally, Bank of America lowered their price target on shares of Fossil Group from $7.00 to $4.00 and set an “underperform” rating for the company in a report on Wednesday, November 8th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $13.54.

In related news, EVP Gregory A. Mckelvey acquired 110,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average cost of $6.22 per share, for a total transaction of $684,200.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Martin Frey acquired 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was bought at an average price of $7.41 per share, with a total value of $55,575.00. The disclosure for this purchase can be found here. Corporate insiders own 12.80% of the company’s stock.

Fossil Group, Inc. (FOSL) opened at $6.68 on Tuesday. The stock has a market cap of $324.65, a price-to-earnings ratio of 8.16 and a beta of 0.74. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.09 and a current ratio of 2.32. Fossil Group, Inc. has a 1-year low of $5.50 and a 1-year high of $35.04.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings data on Tuesday, November 7th. The accessories brand company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.32. The business had revenue of $689.00 million during the quarter, compared to the consensus estimate of $649.87 million. Fossil Group had a positive return on equity of 4.75% and a negative net margin of 12.33%. Fossil Group’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share. research analysts predict that Fossil Group, Inc. will post -0.22 EPS for the current fiscal year.

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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.

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

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