State Street Corp Has $11.71 Million Holdings in Fossil Group, Inc. (FOSL)
State Street Corp raised its stake in Fossil Group, Inc. (NASDAQ:FOSL) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,131,401 shares of the accessories brand company’s stock after purchasing an additional 25,792 shares during the quarter. State Street Corp owned 2.33% of Fossil Group worth $11,705,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new position in shares of Fossil Group in the 2nd quarter valued at approximately $113,000. GSA Capital Partners LLP purchased a new stake in shares of Fossil Group in the second quarter valued at approximately $120,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Fossil Group in the second quarter valued at approximately $122,000. Louisiana State Employees Retirement System boosted its stake in shares of Fossil Group by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the accessories brand company’s stock valued at $178,000 after buying an additional 100 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of Fossil Group by 18.8% in the second quarter. Voya Investment Management LLC now owns 19,208 shares of the accessories brand company’s stock valued at $199,000 after buying an additional 3,033 shares in the last quarter.
In other news, insider Gregory A. Mckelvey bought 5,712 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were bought at an average cost of $8.73 per share, for a total transaction of $49,865.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Martin Frey bought 7,500 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average price of $7.41 per share, for a total transaction of $55,575.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 123,212 shares of company stock worth $789,641. 12.80% of the stock is owned by company insiders.
FOSL has been the topic of a number of analyst reports. Buckingham Research decreased their price target on Fossil Group from $9.00 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 8th. Piper Jaffray Companies set a $10.00 price target on Fossil Group and gave the company a “hold” rating in a research note on Thursday, October 12th. Zacks Investment Research upgraded Fossil Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Wells Fargo & Company restated an “underperform” rating and issued a $8.00 price target on shares of Fossil Group in a research note on Thursday, August 3rd. Finally, ValuEngine downgraded Fossil Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $13.54.
Shares of Fossil Group, Inc. (NASDAQ FOSL) opened at $7.53 on Friday. The company has a current ratio of 2.32, a quick ratio of 1.09 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $365.42, a price-to-earnings ratio of 9.18 and a beta of 0.77. Fossil Group, Inc. has a 12-month low of $5.50 and a 12-month high of $36.79.
Fossil Group (NASDAQ:FOSL) last posted its earnings results on Tuesday, November 7th. The accessories brand company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.32. The company had revenue of $689.00 million for the quarter, compared to the consensus estimate of $649.87 million. Fossil Group had a positive return on equity of 4.75% and a negative net margin of 12.33%. Fossil Group’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 earnings per share. equities analysts predict that Fossil Group, Inc. will post -0.22 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This piece was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.watchlistnews.com/state-street-corp-has-11-71-million-holdings-in-fossil-group-inc-fosl/1726899.html.
Fossil Group Company Profile
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.
Receive News & Ratings for Fossil Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fossil Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.