SG Americas Securities LLC Cuts Position in Fossil Group Inc (FOSL)
SG Americas Securities LLC lessened its holdings in Fossil Group Inc (NASDAQ:FOSL) by 85.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,010 shares of the accessories brand company’s stock after selling 99,970 shares during the quarter. SG Americas Securities LLC’s holdings in Fossil Group were worth $457,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. EAM Investors LLC acquired a new position in Fossil Group in the 2nd quarter worth approximately $879,000. Principal Financial Group Inc. boosted its position in Fossil Group by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 331,842 shares of the accessories brand company’s stock worth $4,214,000 after purchasing an additional 8,661 shares in the last quarter. Aperio Group LLC purchased a new stake in Fossil Group in the 1st quarter worth approximately $200,000. Royal Bank of Canada boosted its position in Fossil Group by 170.3% in the 1st quarter. Royal Bank of Canada now owns 16,660 shares of the accessories brand company’s stock worth $212,000 after purchasing an additional 40,353 shares in the last quarter. Finally, Sei Investments Co. boosted its position in Fossil Group by 5,325.1% in the 1st quarter. Sei Investments Co. now owns 39,386 shares of the accessories brand company’s stock worth $501,000 after purchasing an additional 38,660 shares in the last quarter. Institutional investors own 88.88% of the company’s stock.
In related news, EVP Darren E. Hart sold 25,662 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $26.30, for a total value of $674,910.60. Following the completion of the transaction, the executive vice president now directly owns 116,325 shares of the company’s stock, valued at approximately $3,059,347.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gregory A. Mckelvey sold 26,138 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $26.00, for a total value of $679,588.00. The disclosure for this sale can be found here. Company insiders own 8.20% of the company’s stock.
Fossil Group (NASDAQ:FOSL) last announced its earnings results on Tuesday, August 7th. The accessories brand company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.65. Fossil Group had a negative return on equity of 1.21% and a negative net margin of 5.13%. The firm had revenue of $576.60 million for the quarter, compared to analyst estimates of $571.95 million. equities analysts forecast that Fossil Group Inc will post 0.77 earnings per share for the current year.
Several equities research analysts have commented on the company. ValuEngine lowered Fossil Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 2nd. BidaskClub lowered Fossil Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 30th. Zacks Investment Research upgraded Fossil Group from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Monday, May 21st. TheStreet upgraded Fossil Group from a “d” rating to a “c-” rating in a research report on Wednesday, August 8th. Finally, Telsey Advisory Group upped their price objective on Fossil Group from $16.00 to $27.00 and gave the stock a “market perform” rating in a research report on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Fossil Group has a consensus rating of “Hold” and an average target price of $17.33.
Fossil Group Company Profile
Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company's principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, and sunglasses. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ARMANI EXCHANGE, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.
See Also: Outstanding Shares
Receive News & Ratings for Fossil Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fossil Group and related companies with MarketBeat.com's FREE daily email newsletter.