Guggenheim Capital LLC boosted its position in Fossil Group Inc (NASDAQ:FOSL) by 94.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,038 shares of the textile maker’s stock after buying an additional 62,187 shares during the period. Guggenheim Capital LLC owned approximately 0.27% of Fossil Group worth $3,311,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Seven Eight Capital LP purchased a new stake in Fossil Group during the fourth quarter worth $109,000. Fiera Capital Corp raised its stake in Fossil Group by 17.0% in the fourth quarter. Fiera Capital Corp now owns 68,000 shares of the textile maker’s stock worth $1,758,000 after buying an additional 9,900 shares in the last quarter. Crosslink Capital Inc. purchased a new stake in Fossil Group during the fourth quarter worth $3,569,000. GSA Capital Partners LLP raised its stake in Fossil Group by 50.9% in the fourth quarter. GSA Capital Partners LLP now owns 43,325 shares of the textile maker’s stock worth $1,120,000 after buying an additional 14,618 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in Fossil Group during the fourth quarter worth $760,000. Institutional investors own 95.01% of the company’s stock.
Fossil Group Inc (NASDAQ:FOSL) traded down 2.24% during midday trading on Friday, reaching $16.99. 982,853 shares of the company’s stock were exchanged. The stock has a market capitalization of $820.11 million, a price-to-earnings ratio of 10.42 and a beta of 1.59. Fossil Group Inc has a 12-month low of $15.79 and a 12-month high of $43.79. The stock’s 50-day moving average is $16.87 and its 200-day moving average is $24.84.
Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Tuesday, February 14th. The textile maker reported $1.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.21 by $0.18. Fossil Group had a return on equity of 12.56% and a net margin of 3.24%. The company had revenue of $959 million for the quarter, compared to analyst estimates of $977.13 million. During the same period last year, the company earned $1.46 earnings per share. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities analysts forecast that Fossil Group Inc will post $0.91 earnings per share for the current year.
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Several analysts have commented on the stock. Piper Jaffray Companies restated a “neutral” rating and issued a $18.00 price objective (down from $32.00) on shares of Fossil Group in a report on Thursday, February 16th. KeyCorp restated an “overweight” rating and issued a $42.00 price objective on shares of Fossil Group in a report on Wednesday, December 28th. Vetr lowered shares of Fossil Group from a “strong-buy” rating to a “buy” rating and set a $18.50 price objective for the company. in a report on Monday. Cowen and Company restated a “market perform” rating and issued a $15.00 price objective (down from $21.00) on shares of Fossil Group in a report on Thursday, February 16th. Finally, Telsey Advisory Group lowered their price objective on shares of Fossil Group from $27.00 to $23.00 and set a “market perform” rating for the company in a report on Wednesday, February 15th. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Fossil Group has a consensus rating of “Hold” and a consensus price target of $23.26.
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.
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