Fossil Group, Inc. (FOSL) Position Increased by Prudential Financial Inc.
Prudential Financial Inc. increased its stake in shares of Fossil Group, Inc. (NASDAQ:FOSL) by 171.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 380,416 shares of the textile maker’s stock after buying an additional 240,130 shares during the period. Prudential Financial Inc.’s holdings in Fossil Group were worth $6,638,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its position in Fossil Group by 21.2% in the first quarter. Nisa Investment Advisors LLC now owns 14,300 shares of the textile maker’s stock valued at $250,000 after buying an additional 2,500 shares during the period. Teachers Advisors LLC raised its position in Fossil Group by 7.4% in the fourth quarter. Teachers Advisors LLC now owns 1,277,667 shares of the textile maker’s stock valued at $33,040,000 after buying an additional 88,087 shares during the period. Dimensional Fund Advisors LP raised its position in Fossil Group by 55.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 936,186 shares of the textile maker’s stock valued at $24,210,000 after buying an additional 332,793 shares during the period. Comerica Bank raised its position in Fossil Group by 6.4% in the fourth quarter. Comerica Bank now owns 31,553 shares of the textile maker’s stock valued at $794,000 after buying an additional 1,906 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Fossil Group during the fourth quarter valued at $217,000. Institutional investors own 97.21% of the company’s stock.
Shares of Fossil Group, Inc. (NASDAQ:FOSL) opened at 9.20 on Monday. The firm has a market capitalization of $445.87 million, a P/E ratio of 18.04 and a beta of 0.74. The company’s 50-day moving average price is $12.84 and its 200-day moving average price is $20.08. Fossil Group, Inc. has a 52-week low of $8.98 and a 52-week high of $36.87.
Fossil Group (NASDAQ:FOSL) last issued its earnings results on Tuesday, May 9th. The textile maker reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.14. Fossil Group had a net margin of 0.84% and a return on equity of 7.59%. The company had revenue of $582 million during the quarter, compared to analyst estimates of $590.51 million. During the same quarter in the prior year, the business earned $0.12 EPS. The business’s quarterly revenue was down 11.8% on a year-over-year basis. On average, equities research analysts expect that Fossil Group, Inc. will post $0.84 EPS for the current fiscal year.
A number of equities analysts have recently commented on FOSL shares. Zacks Investment Research upgraded Fossil Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 8th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Fossil Group in a research note on Thursday, March 16th. Vetr lowered Fossil Group from a “strong-buy” rating to a “buy” rating and set a $21.01 price objective on the stock. in a research note on Wednesday, February 22nd. ValuEngine lowered Fossil Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Wells Fargo & Company reiterated an “underperform” rating on shares of Fossil Group in a research note on Friday, March 3rd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. Fossil Group currently has an average rating of “Hold” and an average price target of $20.11.
In other Fossil Group news, Chairman Kosta N. Kartsotis sold 520,281 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $10.71, for a total value of $5,572,209.51. Following the sale, the chairman now owns 3,445,546 shares in the company, valued at $36,901,797.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Kosta N. Kartsotis sold 1,075,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $11.29, for a total transaction of $12,136,750.00. Following the completion of the sale, the chairman now owns 4,183,047 shares in the company, valued at approximately $47,226,600.63. The disclosure for this sale can be found here. Insiders sold 2,220,281 shares of company stock worth $23,790,210 in the last 90 days. Company insiders own 12.80% of the company’s stock.
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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