Today, Quantitative Investment Management LLC Invests $1,366,000 in Fossil Group Inc. (FOSL)

Today, Quantitative Investment Management LLC Invests $1,366,000 in Fossil Group Inc. (FOSL)
Quantitative Investment Management LLC bought a new position in shares of Fossil Group Inc. (NASDAQ:FOSL) during the third quarter, according to its most recent filing with the SEC. The institutional investor bought 49,200 shares of the company’s stock, valued at approximately $1,366,000. Quantitative Investment Management LLC owned about 0.10% of Fossil Group as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in FOSL. Vulcan Value Partners LLC boosted its stake in shares of Fossil Group by 4.1% in the second quarter. Vulcan Value Partners LLC now owns 11,611,725 shares of the company’s stock worth $331,283,000 after buying an additional 459,907 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Fossil Group by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 2,958,131 shares of the company’s stock worth $84,395,000 after buying an additional 17,464 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Fossil Group by 5.3% in the second quarter. Vanguard Group Inc. now owns 2,949,371 shares of the company’s stock worth $84,146,000 after buying an additional 149,439 shares during the last quarter. Eminence Capital LP boosted its position in shares of Fossil Group by 19.8% in the second quarter. Eminence Capital LP now owns 2,136,408 shares of the company’s stock worth $60,952,000 after buying an additional 352,570 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of Fossil Group by 48.7% in the second quarter. BlackRock Fund Advisors now owns 2,064,524 shares of the company’s stock worth $58,901,000 after buying an additional 675,764 shares during the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Shares of Fossil Group Inc. (NASDAQ:FOSL) remained flat at $36.61 during midday trading on Thursday. 1,026,185 shares of the company were exchanged. The firm has a market cap of $1.76 billion, a PE ratio of 17.82 and a beta of 1.66. Fossil Group Inc. has a 52 week low of $23.10 and a 52 week high of $51.93. The firm’s 50 day moving average price is $29.64 and its 200-day moving average price is $29.33.

Fossil Group (NASDAQ:FOSL) last released its earnings results on Thursday, November 3rd. The company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.05. Fossil Group had a return on equity of 12.56% and a net margin of 3.24%. The firm earned $738 million during the quarter, compared to the consensus estimate of $739.12 million. During the same quarter in the previous year, the company posted $1.19 earnings per share. The company’s revenue was down 4.3% compared to the same quarter last year. Analysts anticipate that Fossil Group Inc. will post $1.63 earnings per share for the current year.

A number of equities analysts recently issued reports on the stock. Piper Jaffray Cos. upgraded shares of Fossil Group from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $23.00 to $32.00 in a research note on Monday. Pacific Crest upgraded shares of Fossil Group from an “underweight” rating to an “overweight” rating and set a $42.00 price target on the stock in a research note on Wednesday, November 16th. KeyCorp upgraded shares of Fossil Group from a “sector weight” rating to an “overweight” rating and set a $42.00 price target on the stock in a research note on Wednesday, November 16th. Zacks Investment Research cut shares of Fossil Group from a “buy” rating to a “hold” rating in a research note on Monday, November 7th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $25.00 price target (down previously from $30.00) on shares of Fossil Group in a research note on Friday, November 4th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Fossil Group has a consensus rating of “Hold” and an average price target of $30.68.

About Fossil Group

Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments are 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.

Related posts

Leave a Comment