Cambria Investment Management L.P. cut its stake in shares of Fossil Group Inc (NASDAQ:FOSL) by 25.9% during the first quarter, HoldingsChannel.com reports. The firm owned 14,222 shares of the accessories brand company’s stock after selling 4,977 shares during the period. Cambria Investment Management L.P.’s holdings in Fossil Group were worth $195,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans grew its stake in shares of Fossil Group by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 31,606 shares of the accessories brand company’s stock worth $497,000 after purchasing an additional 695 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Fossil Group by 4.9% during the 4th quarter. State of Alaska Department of Revenue now owns 15,164 shares of the accessories brand company’s stock worth $238,000 after purchasing an additional 709 shares during the period. Synovus Financial Corp grew its stake in Fossil Group by 1.9% in the 4th quarter. Synovus Financial Corp now owns 43,877 shares of the accessories brand company’s stock valued at $690,000 after acquiring an additional 827 shares during the last quarter. Triad Investment Management grew its stake in Fossil Group by 0.6% in the 1st quarter. Triad Investment Management now owns 147,505 shares of the accessories brand company’s stock valued at $2,024,000 after acquiring an additional 838 shares during the last quarter. Finally, United Services Automobile Association grew its stake in Fossil Group by 9.3% in the 4th quarter. United Services Automobile Association now owns 11,045 shares of the accessories brand company’s stock valued at $174,000 after acquiring an additional 943 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

In related news, Chairman Kosta N. Kartsotis sold 50,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $15.92, for a total value of $796,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.00% of the stock is currently owned by corporate insiders.

FOSL has been the topic of a number of research reports. BidaskClub cut shares of Fossil Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Telsey Advisory Group reissued a “market perform” rating and issued a $17.00 price objective (down from $20.00) on shares of Fossil Group in a research note on Friday, February 8th. Wells Fargo & Co lowered their price objective on shares of Fossil Group from $14.00 to $8.00 and set an “underperform” rating on the stock in a research note on Thursday, February 14th. ValuEngine cut shares of Fossil Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 14th. Finally, Zacks Investment Research cut shares of Fossil Group from a “hold” rating to a “strong sell” rating in a research note on Monday, February 18th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.00.

Shares of NASDAQ FOSL opened at $11.25 on Friday. The stock has a market capitalization of $559.92 million, a P/E ratio of 14.42 and a beta of 0.17. Fossil Group Inc has a 52 week low of $10.81 and a 52 week high of $32.17. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.99.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings data on Wednesday, May 8th. The accessories brand company reported ($0.42) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.53) by $0.11. The firm had revenue of $465.30 million for the quarter, compared to analysts’ expectations of $453.97 million. Fossil Group had a net margin of 1.34% and a return on equity of 8.88%. The firm’s revenue was down 18.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.99) EPS. As a group, equities research analysts expect that Fossil Group Inc will post 0.55 earnings per share for the current year.

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Fossil Group Company Profile

Fossil Group, Inc designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. Its principal products include men's and women's fashion watches and jewelry, smartwatches, handbags, small leather goods, belts, and sunglasses.

Further Reading: What is Put Option Volume?

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

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