Prudential Financial Inc. lowered its position in shares of Fossil Group, Inc. (NASDAQ:FOSL) by 53.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 184,206 shares of the accessories brand company’s stock after selling 208,860 shares during the period. Prudential Financial Inc. owned approximately 0.38% of Fossil Group worth $1,719,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FOSL. Geode Capital Management LLC raised its stake in shares of Fossil Group by 9.8% during the first quarter. Geode Capital Management LLC now owns 344,598 shares of the accessories brand company’s stock valued at $6,012,000 after purchasing an additional 30,723 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Fossil Group by 17.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 256,593 shares of the accessories brand company’s stock valued at $4,478,000 after purchasing an additional 38,160 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in shares of Fossil Group by 71.8% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 14,600 shares of the accessories brand company’s stock valued at $255,000 after purchasing an additional 6,100 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Fossil Group by 0.6% in the second 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. Finally, Russell Investments Group Ltd. increased its stake in shares of Fossil Group by 144.5% in the second quarter. Russell Investments Group Ltd. now owns 41,251 shares of the accessories brand company’s stock worth $427,000 after buying an additional 24,380 shares during the last quarter. Institutional investors own 92.72% of the company’s stock.

FOSL has been the subject of a number of research analyst reports. Telsey Advisory Group dropped their price target on shares of Fossil Group from $13.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, August 9th. Bank of America set a $7.00 price target on shares of Fossil Group and gave the stock a “sell” rating in a research note on Wednesday, August 9th. Buckingham Research dropped their price target on shares of Fossil Group from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, August 9th. Jefferies Group restated a “hold” rating and issued a $13.00 price target on shares of Fossil Group in a research note on Wednesday, August 9th. Finally, Wells Fargo & Company restated an “underperform” rating and issued a $7.00 price target (down previously from $8.00) on shares of Fossil Group in a research note on Thursday, August 10th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.54.

Fossil Group, Inc. (NASDAQ:FOSL) opened at $6.68 on Thursday. The company has a market cap of $324.17, a price-to-earnings ratio of 8.15 and a beta of 0.74. The company has a quick ratio of 1.09, a current ratio of 2.32 and a debt-to-equity ratio of 0.68. Fossil Group, Inc. has a 1-year low of $5.50 and a 1-year high of $35.04.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings data on Tuesday, November 7th. The accessories brand company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.32. The firm had revenue of $689.00 million during the quarter, compared to the consensus estimate of $649.87 million. Fossil Group had a negative net margin of 12.33% and a positive return on equity of 4.75%. The firm’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share. equities analysts forecast that Fossil Group, Inc. will post -0.22 EPS for the current year.

In other Fossil Group news, EVP Gregory A. Mckelvey acquired 110,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was purchased at an average price of $6.22 per share, with a total value of $684,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Martin Frey acquired 7,500 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was acquired at an average cost of $7.41 per share, with a total value of $55,575.00. The disclosure for this purchase can be found here. Insiders own 12.80% of the company’s stock.

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

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