Fossil Group, Inc. (FOSL) Position Lifted by KBC Group NV

KBC Group NV increased its position in Fossil Group, Inc. (NASDAQ:FOSL) by 167.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,441 shares of the accessories brand company’s stock after buying an additional 8,424 shares during the period. KBC Group NV’s holdings in Fossil Group were worth $125,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of FOSL. FMR LLC boosted its holdings in shares of Fossil Group by 0.4% during the 2nd quarter. FMR LLC now owns 7,269,630 shares of the accessories brand company’s stock valued at $75,241,000 after purchasing an additional 32,068 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Fossil Group by 3,915.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,514,634 shares of the accessories brand company’s stock valued at $26,027,000 after purchasing an additional 2,452,006 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Fossil Group by 17.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,043,074 shares of the accessories brand company’s stock valued at $21,146,000 after purchasing an additional 296,119 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Fossil Group by 6,109.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,273,027 shares of the accessories brand company’s stock valued at $13,176,000 after purchasing an additional 1,252,527 shares during the last quarter. Finally, Pacifica Capital Investments LLC boosted its holdings in shares of Fossil Group by 95.6% during the 2nd quarter. Pacifica Capital Investments LLC now owns 1,220,167 shares of the accessories brand company’s stock valued at $12,629,000 after purchasing an additional 596,346 shares during the last quarter. 92.72% of the stock is owned by institutional investors.

A number of research analysts recently commented on the stock. ValuEngine downgraded shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. 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. Zacks Investment Research raised shares of Fossil Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Piper Jaffray Companies set a $10.00 price target on shares of Fossil Group and gave the company a “hold” rating in a report on Thursday, October 12th. Finally, Buckingham Research lowered their price target on shares of Fossil Group from $9.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, November 8th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. Fossil Group has a consensus rating of “Hold” and an average price target of $13.54.

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

Shares of Fossil Group, Inc. (FOSL) opened at $7.03 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.32 and a quick ratio of 1.09. Fossil Group, Inc. has a 1 year low of $5.50 and a 1 year high of $29.35. The firm has a market cap of $332.90, a PE ratio of 8.37 and a beta of 0.74.

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, topping the Zacks’ consensus estimate of ($0.28) by $0.32. Fossil Group had a negative net margin of 12.33% and a positive return on equity of 4.75%. The company had revenue of $689.00 million for the quarter, compared to analyst estimates of $649.87 million. During the same period in the prior year, the company posted $0.36 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. equities research analysts predict that Fossil Group, Inc. will post -0.22 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Fossil Group, Inc. (FOSL) Position Lifted by KBC Group NV” was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and international trademark & copyright legislation. The original version of this piece of content can be read at https://sportsperspectives.com/2017/12/19/fossil-group-inc-fosl-position-lifted-by-kbc-group-nv.html.

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.

Want to see what other hedge funds are holding FOSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fossil Group, Inc. (NASDAQ:FOSL).

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

Receive News & Ratings for Fossil Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fossil Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply