Paloma Partners Management Co Takes Position in Fossil Group Inc (NASDAQ:FOSL)

Paloma Partners Management Co bought a new stake in Fossil Group Inc (NASDAQ:FOSL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,040 shares of the accessories brand company’s stock, valued at approximately $115,000.

Several other institutional investors have also recently bought and sold shares of FOSL. Marshall Wace North America L.P. purchased a new stake in shares of Fossil Group in the 1st quarter valued at about $26,000. US Bancorp DE increased its position in Fossil Group by 523.7% in the 2nd quarter. US Bancorp DE now owns 2,551 shares of the accessories brand company’s stock valued at $29,000 after acquiring an additional 2,142 shares during the period. Bank of Montreal Can acquired a new position in Fossil Group in the 2nd quarter valued at about $45,000. Flinton Capital Management LLC increased its position in Fossil Group by 22.8% in the 2nd quarter. Flinton Capital Management LLC now owns 6,032 shares of the accessories brand company’s stock valued at $69,000 after acquiring an additional 1,120 shares during the period. Finally, Riverhead Capital Management LLC increased its position in Fossil Group by 22.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,600 shares of the accessories brand company’s stock valued at $76,000 after acquiring an additional 1,200 shares during the period.

Several brokerages recently issued reports on FOSL. Telsey Advisory Group restated a “market perform” rating and issued a $12.00 price target (down previously from $15.00) on shares of Fossil Group in a research report on Monday, August 5th. ValuEngine upgraded Fossil Group from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub cut Fossil Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 18th. Finally, TheStreet upgraded Fossil Group from a “d+” rating to a “c-” rating in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $14.00.

NASDAQ FOSL opened at $11.35 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average is $11.93 and its two-hundred day moving average is $11.97. Fossil Group Inc has a 12-month low of $9.00 and a 12-month high of $24.28. The stock has a market capitalization of $613.74 million, a price-to-earnings ratio of 14.55 and a beta of 0.44.

Fossil Group (NASDAQ:FOSL) last released its earnings results on Wednesday, August 7th. The accessories brand company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. Fossil Group had a return on equity of 6.94% and a net margin of 1.40%. The company had revenue of $501.40 million for the quarter, compared to analysts’ expectations of $499.05 million. During the same quarter in the previous year, the firm posted ($0.16) EPS. The firm’s quarterly revenue was down 13.0% on a year-over-year basis. Equities analysts forecast that Fossil Group Inc will post 1.49 earnings per share for the current fiscal year.

In other Fossil Group news, EVP Gregory A. Mckelvey bought 100,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were bought at an average price of $9.86 per share, for a total transaction of $986,000.00. Following the transaction, the executive vice president now owns 432,093 shares of the company’s stock, valued at approximately $4,260,436.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gregory A. Mckelvey bought 33,600 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were acquired at an average price of $10.22 per share, for a total transaction of $343,392.00. Following the transaction, the executive vice president now directly owns 432,093 shares in the company, valued at approximately $4,415,990.46. The disclosure for this purchase can be found here. Insiders have acquired a total of 153,600 shares of company stock worth $1,529,992 in the last quarter. 8.00% of the stock is currently owned by insiders.

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.

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

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