First Eagle Investment Management LLC Raises Position in Fossil Group, Inc. $FOSL

First Eagle Investment Management LLC raised its holdings in shares of Fossil Group, Inc. (NASDAQ:FOSL) by 17.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 761,226 shares of the accessories brand company’s stock after buying an additional 111,957 shares during the period. First Eagle Investment Management LLC’s holdings in Fossil Group were worth $1,127,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FOSL. Goldman Sachs Group Inc. increased its holdings in shares of Fossil Group by 43.6% in the first quarter. Goldman Sachs Group Inc. now owns 144,375 shares of the accessories brand company’s stock worth $166,000 after buying an additional 43,849 shares during the period. Acadian Asset Management LLC increased its stake in Fossil Group by 154.1% in the 1st quarter. Acadian Asset Management LLC now owns 459,023 shares of the accessories brand company’s stock worth $527,000 after purchasing an additional 278,391 shares during the period. Jane Street Group LLC lifted its position in Fossil Group by 93.1% in the first quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company’s stock valued at $49,000 after purchasing an additional 20,530 shares during the last quarter. Nantahala Capital Management LLC lifted its position in Fossil Group by 25.9% in the first quarter. Nantahala Capital Management LLC now owns 4,189,177 shares of the accessories brand company’s stock valued at $4,818,000 after purchasing an additional 862,500 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Fossil Group by 356.9% during the first quarter. American Century Companies Inc. now owns 129,025 shares of the accessories brand company’s stock valued at $148,000 after purchasing an additional 100,783 shares during the period. 61.14% of the stock is owned by institutional investors.

Fossil Group Stock Up 5.6%

Shares of Fossil Group stock opened at $1.90 on Monday. The company has a current ratio of 1.83, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. Fossil Group, Inc. has a 12-month low of $0.86 and a 12-month high of $4.40. The company has a market cap of $102.19 million, a P/E ratio of -1.71 and a beta of 2.17. The company’s fifty day simple moving average is $2.66 and its two-hundred day simple moving average is $2.02.

Fossil Group (NASDAQ:FOSL) last announced its earnings results on Wednesday, August 13th. The accessories brand company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.11. Fossil Group had a negative net margin of 5.49% and a negative return on equity of 12.07%. The firm had revenue of $220.40 million for the quarter, compared to analyst estimates of $198.04 million.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FOSL shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fossil Group in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Fossil Group from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Fossil Group has a consensus rating of “Hold” and a consensus price target of $5.00.

About Fossil Group

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company’s products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.