First Eagle Investment Management LLC Decreases Holdings in Fossil Group, Inc. $FOSL

First Eagle Investment Management LLC reduced its position in Fossil Group, Inc. (NASDAQ:FOSL) by 15.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 641,557 shares of the accessories brand company’s stock after selling 119,669 shares during the period. First Eagle Investment Management LLC’s holdings in Fossil Group were worth $1,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Jane Street Group LLC increased its position in Fossil Group by 93.1% during the first quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company’s stock valued at $49,000 after acquiring an additional 20,530 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Fossil Group by 551.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 29,703 shares of the accessories brand company’s stock valued at $76,000 after purchasing an additional 25,146 shares during the period. XTX Topco Ltd purchased a new stake in shares of Fossil Group during the 2nd quarter valued at about $122,000. Caprock Group LLC bought a new position in shares of Fossil Group in the 3rd quarter worth approximately $140,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Fossil Group by 43.6% in the first quarter. Goldman Sachs Group Inc. now owns 144,375 shares of the accessories brand company’s stock worth $166,000 after buying an additional 43,849 shares during the last quarter. Institutional investors own 61.14% of the company’s stock.

Fossil Group Stock Up 4.2%

Shares of NASDAQ FOSL opened at $4.48 on Thursday. Fossil Group, Inc. has a 1 year low of $0.86 and a 1 year high of $5.00. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.56 and a quick ratio of 1.00. The company has a market cap of $244.79 million, a P/E ratio of -3.53 and a beta of 1.68. The firm has a 50-day simple moving average of $3.93 and a two-hundred day simple moving average of $3.22.

Analyst Upgrades and Downgrades

A number of analysts have commented on FOSL shares. Northland Securities initiated coverage on shares of Fossil Group in a report on Thursday, February 19th. They set an “outperform” rating and a $7.00 target price for the company. Zacks Research raised Fossil Group to a “hold” rating in a research note on Friday, February 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fossil Group in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.00.

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.