Walleye Capital LLC Has $360,000 Stake in Fossil Group, Inc. $FOSL

Walleye Capital LLC reduced its position in shares of Fossil Group, Inc. (NASDAQ:FOSL) by 68.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,518 shares of the accessories brand company’s stock after selling 178,759 shares during the quarter. Walleye Capital LLC owned 0.14% of Fossil Group worth $360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nantahala Capital Management LLC increased its stake in shares of Fossil Group by 21.5% during the 2nd quarter. Nantahala Capital Management LLC now owns 5,087,803 shares of the accessories brand company’s stock worth $7,530,000 after purchasing an additional 898,626 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Fossil Group by 0.5% during the second quarter. Ameriprise Financial Inc. now owns 2,461,746 shares of the accessories brand company’s stock worth $3,643,000 after purchasing an additional 13,091 shares during the period. Vanguard Group Inc. grew its holdings in Fossil Group by 4.9% during the third quarter. Vanguard Group Inc. now owns 2,325,204 shares of the accessories brand company’s stock worth $5,976,000 after purchasing an additional 109,316 shares during the period. Kanen Wealth Management LLC acquired a new position in Fossil Group during the fourth quarter worth approximately $5,515,000. Finally, Two Sigma Investments LP increased its position in Fossil Group by 36.0% during the third quarter. Two Sigma Investments LP now owns 948,114 shares of the accessories brand company’s stock worth $2,437,000 after buying an additional 251,214 shares during the last quarter. 61.14% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Wendy Lee Schoppert bought 24,331 shares of Fossil Group stock in a transaction dated Monday, May 18th. The shares were bought at an average cost of $4.14 per share, with a total value of $100,730.34. Following the acquisition, the director owned 120,625 shares in the company, valued at $499,387.50. This trade represents a 25.27% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.90% of the company’s stock.

Fossil Group Trading Up 1.5%

Shares of FOSL stock opened at $4.05 on Friday. The stock has a market cap of $239.36 million, a P/E ratio of -3.55 and a beta of 1.63. Fossil Group, Inc. has a 1 year low of $1.54 and a 1 year high of $5.74. The company has a current ratio of 1.72, a quick ratio of 1.10 and a debt-to-equity ratio of 2.32. The stock has a 50 day simple moving average of $4.15 and a 200 day simple moving average of $4.24.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings data on Wednesday, May 13th. The accessories brand company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.25. The firm had revenue of $224.76 million for the quarter, compared to analyst estimates of $204.74 million. Fossil Group had a negative return on equity of 48.51% and a negative net margin of 6.19%. On average, research analysts predict that Fossil Group, Inc. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FOSL shares. Wall Street Zen raised Fossil Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Fossil Group in a report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Fossil Group currently has an average rating of “Hold” and a consensus target price of $7.00.

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.