Fossil Group (FOSL) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its stake in Fossil Group (NASDAQ:FOSL) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 337,022 shares of the accessories brand company’s stock after selling 21,947 shares during the quarter. Geode Capital Management LLC owned about 0.69% of Fossil Group worth $2,618,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FOSL. Unison Advisors LLC acquired a new position in shares of Fossil Group in the 4th quarter valued at $107,000. Teacher Retirement System of Texas acquired a new position in shares of Fossil Group in the 4th quarter valued at $120,000. Crossmark Global Holdings Inc. boosted its holdings in shares of Fossil Group by 68.7% in 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. UBS Asset Management Americas Inc. boosted its holdings in shares of Fossil Group by 26.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 41,412 shares of the accessories brand company’s stock valued at $322,000 after purchasing an additional 8,537 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Fossil Group by 27.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 47,000 shares of the accessories brand company’s stock valued at $439,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors own 99.84% of the company’s stock.

In related news, CEO Kosta N. Kartsotis sold 20,000 shares of Fossil Group stock in a transaction on Monday, March 12th. The shares were sold at an average price of $12.58, for a total transaction of $251,600.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 679,972 shares of company stock worth $9,041,909. Insiders own 12.80% of the company’s stock.

A number of equities analysts have weighed in on the stock. BidaskClub lowered shares of Fossil Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. ValuEngine lowered shares of Fossil Group from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Buckingham Research raised their target price on shares of Fossil Group from $5.00 to $8.00 and gave the company an “underperform” rating in a research note on Wednesday, February 14th. KeyCorp reissued an “overweight” rating and issued a $25.00 target price (up previously from $15.00) on shares of Fossil Group in a research note on Wednesday, February 14th. Finally, Telsey Advisory Group raised their target price on shares of Fossil Group from $7.00 to $15.00 and gave the company a “market perform” rating in a research note on Wednesday, February 14th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Fossil Group has an average rating of “Hold” and a consensus target price of $11.91.

Shares of FOSL stock opened at $14.20 on Wednesday. Fossil Group has a 52 week low of $5.50 and a 52 week high of $18.44. The company has a current ratio of 2.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $689.79, a PE ratio of 284.00 and a beta of -0.08.

Fossil Group (NASDAQ:FOSL) last issued its earnings results on Tuesday, February 13th. The accessories brand company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.24. Fossil Group had a negative net margin of 17.15% and a positive return on equity of 0.65%. The business had revenue of $920.80 million for the quarter, compared to the consensus estimate of $890.47 million. During the same quarter last year, the firm posted $1.03 EPS. equities analysts expect that Fossil Group will post -0.19 earnings per share for the current year.

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Fossil Group Profile

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company's principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, and sunglasses. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ARMANI EXCHANGE, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.

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

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