South Dakota Investment Council Has $255,000 Holdings in Fossil Group, Inc. (FOSL)
South Dakota Investment Council maintained its position in Fossil Group, Inc. (NASDAQ:FOSL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,600 shares of the accessories brand company’s stock at the close of the 2nd quarter. South Dakota Investment Council owned 0.05% of Fossil Group worth $255,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Fossil Group by 19,301.2% in the 1st quarter. BlackRock Inc. now owns 5,209,210 shares of the accessories brand company’s stock worth $90,900,000 after acquiring an additional 5,182,360 shares during the last quarter. Vanguard Group Inc. increased its stake in Fossil Group by 14.5% in the 1st quarter. Vanguard Group Inc. now owns 3,644,137 shares of the accessories brand company’s stock worth $63,591,000 after acquiring an additional 462,851 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Fossil Group by 3,915.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,514,634 shares of the accessories brand company’s stock worth $26,027,000 after acquiring an additional 2,452,006 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Fossil Group by 86.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,746,955 shares of the accessories brand company’s stock worth $30,484,000 after acquiring an additional 810,769 shares during the last quarter. Finally, Pacifica Capital Investments LLC increased its stake in Fossil Group by 95.6% in the 2nd quarter. Pacifica Capital Investments LLC now owns 1,220,167 shares of the accessories brand company’s stock worth $12,629,000 after acquiring an additional 596,346 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.
Fossil Group, Inc. (NASDAQ:FOSL) opened at 8.70 on Monday. The stock’s market cap is $422.13 million. The stock has a 50 day moving average price of $8.94 and a 200-day moving average price of $12.58. Fossil Group, Inc. has a 1-year low of $6.80 and a 1-year high of $36.87.
Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.05. The firm had revenue of $596.80 million during the quarter, compared to analyst estimates of $617.89 million. Fossil Group had a positive return on equity of 6.34% and a negative net margin of 11.33%. Fossil Group’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. On average, equities analysts expect that Fossil Group, Inc. will post $0.47 EPS for the current year.
In related news, VP John A. White bought 13,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was bought at an average price of $7.26 per share, for a total transaction of $94,380.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gregory A. Mckelvey bought 5,712 shares of the stock in a transaction on Tuesday, August 29th. The shares were bought at an average price of $8.73 per share, with a total value of $49,865.76. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 114,945 shares of company stock valued at $923,917. 12.80% of the stock is owned by company insiders.
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A number of brokerages have weighed in on FOSL. Telsey Advisory Group decreased their target price on Fossil Group from $13.00 to $11.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 9th. Buckingham Research decreased their target price on Fossil Group from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 9th. Bank of America Corporation set a $7.00 target price on Fossil Group and gave the stock a “sell” rating in a research note on Wednesday, August 9th. ValuEngine lowered Fossil Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Wells Fargo & Company restated an “underperform” rating and issued a $8.00 target price on shares of Fossil Group in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.23.
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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