Fossil Group, Inc. $FOSL Shares Acquired by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. grew its position in Fossil Group, Inc. (NASDAQ:FOSL) by 1,220.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 875,026 shares of the accessories brand company’s stock after purchasing an additional 808,770 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Fossil Group were worth $3,290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Carrera Capital Advisors acquired a new position in shares of Fossil Group in the 4th quarter valued at about $38,000. Wexford Capital LP acquired a new position in shares of Fossil Group in the 3rd quarter valued at about $28,000. EHP Funds Inc. acquired a new position in shares of Fossil Group in the 3rd quarter valued at about $28,000. Qube Research & Technologies Ltd acquired a new position in shares of Fossil Group in the 3rd quarter valued at about $39,000. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Fossil Group in the 3rd quarter valued at about $45,000. 61.14% of the stock is owned by institutional investors and hedge funds.

Fossil Group Stock Performance

Shares of NASDAQ:FOSL opened at $3.95 on Thursday. The company has a market cap of $233.45 million, a P/E ratio of -3.46 and a beta of 1.64. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.10 and a current ratio of 1.72. Fossil Group, Inc. has a one year low of $1.27 and a one year high of $5.74. The business’s 50-day simple moving average is $4.58 and its 200 day simple moving average is $3.88.

Fossil Group (NASDAQ:FOSL) last announced its earnings results on Wednesday, May 13th. The accessories brand company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.25. The business had revenue of $224.76 million for the quarter, compared to the consensus estimate of $204.74 million. Fossil Group had a negative return on equity of 48.51% and a negative net margin of 6.19%. On average, sell-side analysts forecast that Fossil Group, Inc. will post -0.15 earnings per share for the current fiscal year.

Insider Activity at Fossil Group

In other Fossil Group news, Director Wendy Lee Schoppert acquired 24,331 shares of the company’s stock in a transaction on Monday, May 18th. The shares were bought at an average cost of $4.14 per share, for a total transaction of $100,730.34. Following the acquisition, the director directly owned 120,625 shares of the company’s stock, valued at $499,387.50. This trade represents a 25.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

FOSL has been the topic of several research analyst reports. Zacks Research raised Fossil Group to a “hold” rating in a research note on Friday, February 20th. Wall Street Zen upgraded Fossil Group from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fossil Group in a report on Tuesday, April 21st. Maxim Group raised their target price on Fossil Group from $5.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Finally, Northland Securities initiated coverage on Fossil Group in a report on Thursday, February 19th. They set an “outperform” rating and a $7.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Fossil Group currently has an average rating of “Hold” and an average target price of $7.00.

Fossil Group Profile

Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.

The group’s wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.