Nationwide Fund Advisors Sells 46,982 Shares of Fossil Group, Inc. (FOSL)

Nationwide Fund Advisors reduced its stake in shares of Fossil Group, Inc. (NASDAQ:FOSL) by 19.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 189,813 shares of the textile maker’s stock after selling 46,982 shares during the period. Nationwide Fund Advisors owned approximately 0.39% of Fossil Group worth $3,312,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. Schafer Cullen Capital Management Inc. increased its position in shares of Fossil Group by 6.9% in the third quarter. Schafer Cullen Capital Management Inc. now owns 12,852 shares of the textile maker’s stock worth $357,000 after buying an additional 833 shares during the last quarter. Comerica Bank increased its position in shares of Fossil Group by 6.4% in the fourth quarter. Comerica Bank now owns 31,553 shares of the textile maker’s stock worth $794,000 after buying an additional 1,906 shares in the last quarter. Horizon Kinetics LLC increased its position in shares of Fossil Group by 14.2% in the fourth quarter. Horizon Kinetics LLC now owns 16,047 shares of the textile maker’s stock worth $415,000 after buying an additional 1,999 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Fossil Group by 21.2% in the first quarter. Nisa Investment Advisors LLC now owns 14,300 shares of the textile maker’s stock worth $250,000 after buying an additional 2,500 shares in the last quarter. Finally, Winslow Asset Management Inc. increased its position in shares of Fossil Group by 1.6% in the first quarter. Winslow Asset Management Inc. now owns 168,823 shares of the textile maker’s stock worth $2,946,000 after buying an additional 2,645 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

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

Shares of Fossil Group, Inc. (NASDAQ FOSL) traded up 0.22% on Monday, hitting $9.22. The company had a trading volume of 4,487,467 shares. Fossil Group, Inc. has a 12-month low of $8.98 and a 12-month high of $36.87. The firm has a 50-day moving average price of $12.84 and a 200 day moving average price of $20.08. The company has a market capitalization of $446.84 million, a P/E ratio of 18.08 and a beta of 0.74.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings data on Tuesday, May 9th. The textile maker reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.14. Fossil Group had a return on equity of 7.59% and a net margin of 0.84%. The firm had revenue of $582 million for the quarter, compared to the consensus estimate of $590.51 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The company’s revenue was down 11.8% on a year-over-year basis. Equities analysts expect that Fossil Group, Inc. will post $0.84 EPS for the current year.

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A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Fossil Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 8th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Fossil Group in a research note on Thursday, March 16th. Vetr cut shares of Fossil Group from a “strong-buy” rating to a “buy” rating and set a $21.01 target price on the stock. in a research report on Wednesday, February 22nd. ValuEngine cut shares of Fossil Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Wells Fargo & Company reissued an “underperform” rating on shares of Fossil Group in a research report on Friday, March 3rd. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. Fossil Group presently has an average rating of “Hold” and an average price target of $20.11.

In related news, Chairman Kosta N. Kartsotis sold 520,281 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $10.71, for a total transaction of $5,572,209.51. Following the transaction, the chairman now directly owns 3,445,546 shares of the company’s stock, valued at approximately $36,901,797.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Kosta N. Kartsotis sold 625,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $9.73, for a total value of $6,081,250.00. The disclosure for this sale can be found here. Insiders sold a total of 2,220,281 shares of company stock worth $23,790,210 in the last quarter. Corporate insiders own 12.80% of the company’s stock.

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.

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