Nationwide Fund Advisors increased its holdings in shares of Fossil Group, Inc. (NASDAQ:FOSL) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,721 shares of the accessories brand company’s stock after purchasing an additional 9,908 shares during the period. Nationwide Fund Advisors owned approximately 0.41% of Fossil Group worth $2,067,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FOSL. Wells Fargo & Company MN lifted its holdings in shares of Fossil Group by 1.9% during the 1st quarter. Wells Fargo & Company MN now owns 31,572 shares of the accessories brand company’s stock valued at $551,000 after purchasing an additional 586 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Fossil Group by 10.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 28,132 shares of the accessories brand company’s stock valued at $491,000 after purchasing an additional 2,615 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Fossil Group by 2.0% during the 1st quarter. First Trust Advisors LP now owns 99,472 shares of the accessories brand company’s stock valued at $1,736,000 after purchasing an additional 1,931 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Fossil Group by 7.3% during the 1st quarter. Bank of New York Mellon Corp now owns 561,584 shares of the accessories brand company’s stock valued at $9,798,000 after purchasing an additional 38,082 shares in the last quarter. Finally, Comerica Bank lifted its holdings in shares of Fossil Group by 50.5% during the 1st quarter. Comerica Bank now owns 47,498 shares of the accessories brand company’s stock valued at $838,000 after purchasing an additional 15,945 shares in the last quarter.

Several research firms have recently weighed in on FOSL. Telsey Advisory Group cut their price objective on Fossil Group from $13.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday, August 9th. Buckingham Research cut their price objective on Fossil Group from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, August 9th. Bank of America Corporation set a $7.00 price objective on Fossil Group and gave the company a “sell” rating in a report on Wednesday, August 9th. Wells Fargo & Company reiterated an “underperform” rating and set a $7.00 price objective (down previously from $8.00) on shares of Fossil Group in a report on Thursday, August 10th. Finally, Piper Jaffray Companies set a $10.00 price objective on Fossil Group and gave the company a “hold” rating in a report on Thursday. Four research 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 presently has a consensus rating of “Hold” and a consensus price target of $15.90.

In related news, Director James M. Zimmerman bought 36,000 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were bought at an average price of $8.30 per share, for a total transaction of $298,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory A. Mckelvey bought 5,712 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was bought at an average price of $8.73 per share, for a total transaction of $49,865.76. The disclosure for this purchase can be found here. Insiders bought 114,945 shares of company stock worth $923,917 in the last 90 days. Corporate insiders own 12.80% of the company’s stock.

Fossil Group, Inc. (FOSL) opened at 8.51 on Monday. Fossil Group, Inc. has a 52-week low of $6.80 and a 52-week high of $36.87. The firm’s market cap is $412.91 million. The firm’s 50 day moving average price is $8.74 and its 200 day moving average price is $11.34.

Fossil Group (NASDAQ:FOSL) last posted its earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.05. Fossil Group had a positive return on equity of 6.34% and a negative net margin of 11.33%. The company had revenue of $596.80 million for the quarter, compared to analyst estimates of $617.89 million. During the same quarter last year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was down 12.9% on a year-over-year basis. Equities research analysts anticipate that Fossil Group, Inc. will post ($0.11) EPS for the current fiscal year.

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About Fossil Group

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.

Institutional Ownership by Quarter for Fossil Group (NASDAQ:FOSL)

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