Fund 1 Investments LLC Takes $2.22 Million Position in Fossil Group, Inc. $FOSL

Fund 1 Investments LLC acquired a new position in shares of Fossil Group, Inc. (NASDAQ:FOSL) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 536,982 shares of the accessories brand company’s stock, valued at approximately $2,223,000. Fund 1 Investments LLC owned about 0.91% of Fossil Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Fossil Group in the second quarter valued at $15,263,000. Miller Value Partners LLC purchased a new position in shares of Fossil Group in the 2nd quarter valued at about $8,874,000. Kanen Wealth Management LLC purchased a new position in shares of Fossil Group in the 4th quarter valued at about $5,515,000. Nantahala Capital Management LLC raised its position in shares of Fossil Group by 35.4% during the 4th quarter. Nantahala Capital Management LLC now owns 5,064,359 shares of the accessories brand company’s stock worth $19,042,000 after acquiring an additional 1,323,202 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. raised its position in shares of Fossil Group by 1,220.7% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 875,026 shares of the accessories brand company’s stock worth $3,290,000 after acquiring an additional 808,770 shares in the last quarter. Institutional investors and hedge funds own 61.14% of the company’s stock.

Insider Buying and Selling at Fossil Group

In related news, Director Pamela J. Edwards bought 7,208 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of $5.58 per share, with a total value of $40,220.64. Following the completion of the acquisition, the director owned 50,251 shares in the company, valued at approximately $280,400.58. This trade represents a 16.75% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.80% of the company’s stock.

Fossil Group Price Performance

Shares of FOSL opened at $5.42 on Thursday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 1.05 and a current ratio of 1.76. Fossil Group, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $6.25. The firm has a 50-day simple moving average of $4.71 and a 200-day simple moving average of $4.51. The company has a market capitalization of $320.54 million, a price-to-earnings ratio of -4.23 and a beta of 1.62.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Wednesday, August 12th. The accessories brand company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.16. The firm had revenue of $209.69 million for the quarter, compared to analysts’ expectations of $199.33 million. Fossil Group had a negative return on equity of 59.76% and a negative net margin of 7.09%. On average, equities research analysts anticipate that Fossil Group, Inc. will post -0.04 earnings per share for the current year.

Wall Street Analyst Weigh In

FOSL has been the subject of a number of research analyst reports. Wall Street Zen raised Fossil Group from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fossil Group in a research report on Friday, July 17th. Finally, Northland Securities set a $8.00 price target on shares of Fossil Group in a research report on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.50.

About Fossil Group

Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.

The group’s wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.