Alliancebernstein L.P. Has $643,000 Holdings in Fossil Group, Inc. (FOSL)
Alliancebernstein L.P. continued to hold its stake in Fossil Group, Inc. (NASDAQ:FOSL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,100 shares of the accessories brand company’s stock at the close of the second quarter. Alliancebernstein L.P. owned approximately 0.13% of Fossil Group worth $643,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the business. Louisiana State Employees Retirement System raised its position in Fossil Group by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the accessories brand company’s stock worth $178,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Fossil Group by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 22,000 shares of the accessories brand company’s stock valued at $228,000 after purchasing an additional 100 shares in the last quarter. Texas Permanent School Fund increased its holdings in shares of Fossil Group by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 30,784 shares of the accessories brand company’s stock valued at $319,000 after purchasing an additional 379 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Fossil Group by 1.9% in the 1st quarter. Wells Fargo & Company MN now owns 31,572 shares of the accessories brand company’s stock valued at $551,000 after purchasing an additional 586 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Fossil Group by 0.5% in the 2nd quarter. Principal Financial Group Inc. now owns 320,702 shares of the accessories brand company’s stock valued at $3,319,000 after purchasing an additional 1,508 shares in the last quarter.
Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.05. Fossil Group had a negative net margin of 11.33% and a positive return on equity of 6.34%. The firm had revenue of $596.80 million for the quarter, compared to analysts’ expectations of $617.89 million. During the same period in the previous year, the business earned $0.12 earnings per share. Fossil Group’s revenue for the quarter was down 12.9% compared to the same quarter last year.
In other Fossil Group news, insider Darren E. Hart purchased 14,347 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average cost of $6.99 per share, for a total transaction of $100,285.53. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Martin Frey purchased 7,100 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average price of $7.25 per share, for a total transaction of $51,475.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 114,945 shares of company stock worth $923,917. 12.80% of the stock is owned by company insiders.
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FOSL has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Fossil Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 17th. Piper Jaffray Companies set a $10.00 price target on shares of Fossil Group and gave the company a “hold” rating in a report on Thursday, October 12th. Wells Fargo & Company reiterated an “underperform” rating and issued a $8.00 price target on shares of Fossil Group in a report on Thursday, August 3rd. Finally, ValuEngine downgraded shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $15.90.
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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