Prudential Financial Inc. grew its holdings in shares of Fossil Group Inc (NASDAQ:FOSL) by 50.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 484,168 shares of the accessories brand company’s stock after acquiring an additional 163,240 shares during the period. Prudential Financial Inc.’s holdings in Fossil Group were worth $5,568,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in Fossil Group by 10.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,715,698 shares of the accessories brand company’s stock worth $26,989,000 after acquiring an additional 169,086 shares during the last quarter. Systematic Financial Management LP raised its holdings in Fossil Group by 5.3% in the 1st quarter. Systematic Financial Management LP now owns 78,005 shares of the accessories brand company’s stock worth $1,070,000 after acquiring an additional 3,935 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Fossil Group by 60.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 18,954 shares of the accessories brand company’s stock worth $218,000 after acquiring an additional 7,168 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Fossil Group by 567.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,572,406 shares of the accessories brand company’s stock worth $21,574,000 after acquiring an additional 1,336,698 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Fossil Group in the 1st quarter worth approximately $141,000.
In other Fossil Group news, EVP Gregory A. Mckelvey acquired 33,600 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was purchased at an average price of $10.22 per share, with a total value of $343,392.00. Following the transaction, the executive vice president now directly owns 432,093 shares in the company, valued at approximately $4,415,990.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Darren E. Hart acquired 20,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were acquired at an average cost of $10.03 per share, with a total value of $200,600.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 153,600 shares of company stock valued at $1,529,992. Company insiders own 8.00% of the company’s stock.
FOSL traded down $0.10 during mid-day trading on Friday, reaching $13.29. 12,673 shares of the company traded hands, compared to its average volume of 1,520,486. The stock has a market capitalization of $685.89 million, a P/E ratio of 17.10 and a beta of 0.45. The company has a quick ratio of 1.05, a current ratio of 1.92 and a debt-to-equity ratio of 0.87. The company’s fifty day moving average price is $11.12 and its 200-day moving average price is $12.30. Fossil Group Inc has a 52-week low of $9.00 and a 52-week high of $25.52.
Fossil Group (NASDAQ:FOSL) last announced its earnings results on Wednesday, August 7th. The accessories brand company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The business had revenue of $501.40 million during the quarter, compared to analyst estimates of $499.05 million. Fossil Group had a net margin of 1.40% and a return on equity of 6.94%. The company’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.16) EPS. As a group, sell-side analysts forecast that Fossil Group Inc will post 1.49 earnings per share for the current fiscal year.
FOSL has been the subject of a number of research reports. BidaskClub upgraded shares of Fossil Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 7th. Telsey Advisory Group reiterated a “market perform” rating and set a $12.00 target price (down from $15.00) on shares of Fossil Group in a research note on Monday, August 5th. Finally, ValuEngine lowered shares of Fossil Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $14.00.
Fossil Group Company Profile
Fossil Group, Inc designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. Its principal products include men's and women's fashion watches and jewelry, smartwatches, handbags, small leather goods, belts, and sunglasses.
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