MERIAN GLOBAL INVESTORS UK Ltd Purchases New Holdings in Fossil Group Inc (FOSL)

MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in Fossil Group Inc (NASDAQ:FOSL) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,076,116 shares of the accessories brand company’s stock, valued at approximately $25,051,000. MERIAN GLOBAL INVESTORS UK Ltd owned approximately 2.18% of Fossil Group as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. EAM Investors LLC bought a new stake in shares of Fossil Group in the 2nd quarter valued at about $879,000. Renaissance Technologies LLC bought a new stake in shares of Fossil Group in the 2nd quarter valued at about $25,134,000. Laurion Capital Management LP bought a new stake in shares of Fossil Group in the 2nd quarter valued at about $310,000. Principal Financial Group Inc. boosted its holdings in shares of 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 valued at $4,214,000 after buying an additional 8,661 shares in the last quarter. Finally, Chicago Equity Partners LLC bought a new stake in shares of Fossil Group in the 2nd quarter valued at about $2,225,000. Institutional investors and hedge funds own 88.84% of the company’s stock.

In related news, EVP Darren E. Hart sold 25,662 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory A. Mckelvey sold 26,138 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $26.00, for a total transaction of $679,588.00. The disclosure for this sale can be found here. Company insiders own 8.20% of the company’s stock.

Shares of Fossil Group stock opened at $19.14 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. Fossil Group Inc has a 52 week low of $5.50 and a 52 week high of $32.17.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings data on Tuesday, August 7th. The accessories brand company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.65. The firm had revenue of $576.60 million during the quarter, compared to analyst estimates of $571.95 million. Fossil Group had a negative net margin of 5.13% and a negative return on equity of 1.21%. On average, research analysts anticipate that Fossil Group Inc will post 0.77 EPS for the current fiscal year.

FOSL has been the topic of a number of recent analyst reports. BidaskClub cut shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. KeyCorp increased their price objective on shares of Fossil Group from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Wednesday, August 8th. Telsey Advisory Group increased their price objective on shares of Fossil Group from $16.00 to $27.00 and gave the company a “market perform” rating in a research report on Friday, August 3rd. TheStreet raised shares of Fossil Group from a “d” rating to a “c-” rating in a research report on Wednesday, August 8th. Finally, Zacks Investment Research lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $19.20.

About Fossil Group

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.

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

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