Royce & Associates LP Invests $2.74 Million in Fossil Group, Inc. (FOSL)

Royce & Associates LP purchased a new stake in shares of Fossil Group, Inc. (NASDAQ:FOSL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 265,000 shares of the accessories brand company’s stock, valued at approximately $2,743,000. Royce & Associates LP owned approximately 0.55% of Fossil Group as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FOSL. BlackRock Inc. grew its holdings in shares of Fossil Group by 19,301.2% during the 1st quarter. BlackRock Inc. now owns 5,209,210 shares of the accessories brand company’s stock valued at $90,900,000 after acquiring an additional 5,182,360 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Fossil Group by 86.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,746,955 shares of the accessories brand company’s stock worth $30,484,000 after purchasing an additional 810,769 shares in the last quarter. C Partners Holding GmbH bought a new stake in Fossil Group in the first quarter worth $11,652,000. Vanguard Group Inc. boosted its holdings in Fossil Group by 14.5% in the first quarter. Vanguard Group Inc. now owns 3,644,137 shares of the accessories brand company’s stock worth $63,591,000 after purchasing an additional 462,851 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Fossil Group by 4,911.9% in the first quarter. Renaissance Technologies LLC now owns 421,000 shares of the accessories brand company’s stock worth $7,346,000 after purchasing an additional 412,600 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Fossil Group, Inc. (FOSL) opened at 7.91 on Tuesday. The firm’s market cap is $383.80 million. The firm’s 50-day moving average is $9.26 and its 200-day moving average is $12.83. Fossil Group, Inc. has a 52-week low of $6.80 and a 52-week high of $36.87.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings data on Tuesday, August 8th. The accessories brand company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.05. Fossil Group had a negative net margin of 11.33% and a positive return on equity of 6.34%. The company had revenue of $596.80 million during the quarter, compared to the consensus estimate of $617.89 million. During the same quarter last year, the firm posted $0.12 EPS. The company’s quarterly revenue was down 12.9% on a year-over-year basis. Analysts forecast that Fossil Group, Inc. will post $0.47 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on FOSL shares. ValuEngine cut shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Wells Fargo & Company reiterated an “underperform” rating and issued a $8.00 price objective (down from $12.00) on shares of Fossil Group in a report on Friday, June 16th. Buckingham Research upgraded shares of Fossil Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 20th. Piper Jaffray Companies reiterated a “hold” rating and issued a $15.00 price objective on shares of Fossil Group in a report on Friday, July 14th. Finally, Zacks Investment Research upgraded shares of Fossil Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 17th. 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 has an average rating of “Hold” and an average target price of $16.23.

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In other news, insider Gregory A. Mckelvey acquired 5,712 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was bought at an average price of $8.73 per share, with a total value of $49,865.76. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Kosta N. Kartsotis sold 625,000 shares of Fossil Group stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $9.73, for a total transaction of $6,081,250.00. The disclosure for this sale can be found here. In the last three months, insiders bought 114,945 shares of company stock valued at $923,917. 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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Institutional Ownership by Quarter for Fossil Group (NASDAQ:FOSL)

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