Alps Advisors Inc. Purchases Shares of 41,681 Fossil Group Inc (FOSL)

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Alps Advisors Inc. purchased a new position in shares of Fossil Group Inc (NASDAQ:FOSL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 41,681 shares of the accessories brand company’s stock, valued at approximately $656,000.

A number of other hedge funds have also made changes to their positions in the business. State of Alaska Department of Revenue boosted its position in 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 acquiring an additional 709 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Fossil Group during the 4th quarter worth $27,000. State Board of Administration of Florida Retirement System boosted its position in Fossil Group by 15.3% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 27,525 shares of the accessories brand company’s stock worth $433,000 after acquiring an additional 3,646 shares during the period. Alpha Windward LLC boosted its position in Fossil Group by 18.1% during the 4th quarter. Alpha Windward LLC now owns 25,440 shares of the accessories brand company’s stock worth $400,000 after acquiring an additional 3,900 shares during the period. Finally, Kentucky Retirement Systems acquired a new position in Fossil Group during the 3rd quarter worth $486,000. Institutional investors own 89.08% of the company’s stock.

A number of research analysts have issued reports on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $17.00 price target (down previously from $20.00) on shares of Fossil Group in a research report on Friday, February 8th. Zacks Investment Research upgraded Fossil Group from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a report on Tuesday, November 13th. BidaskClub lowered Fossil Group from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. ValuEngine upgraded Fossil Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, TheStreet lowered Fossil Group from a “c-” rating to a “d+” rating in a report on Monday, December 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $20.00.

Shares of Fossil Group stock opened at $15.77 on Thursday. The company has a quick ratio of 1.10, a current ratio of 2.01 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $757.66 million, a PE ratio of 315.40 and a beta of 0.25. Fossil Group Inc has a fifty-two week low of $11.40 and a fifty-two week high of $32.17.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings data on Wednesday, February 13th. The accessories brand company reported $1.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by ($0.20). The firm had revenue of $786.90 million during the quarter, compared to analyst estimates of $805.17 million. Fossil Group had a negative net margin of 4.90% and a positive return on equity of 0.15%. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 EPS. Equities analysts anticipate that Fossil Group Inc will post 1.03 earnings per share for the current fiscal year.

In other news, Director James E. Skinner sold 6,000 shares of the company’s stock in a transaction on Monday, November 26th. The stock was sold at an average price of $21.31, for a total value of $127,860.00. Following the completion of the sale, the director now owns 42,943 shares in the company, valued at $915,115.33. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John A. White sold 18,800 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $20.75, for a total value of $390,100.00. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company’s stock.

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Fossil Group Profile

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company's principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, and sunglasses. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ARMANI EXCHANGE, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.

Further Reading: Bear Market – How and Why They Occur

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

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